The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct

labor$-$hours:

The company uses direct labor$-$hours as its overhead allocation base. The variable portion of its predetermined manufacturing

overhead rate is $$4\mathrm{.}75$ per direct labor$-$hour and its total fixed manufacturing overhead is $$70,000$ per quarter. The only noncash item

included in fixed manufacturing overhead is depreciation, which is $$17,500$ per quarter.

Required:

Prepare the company's manufacturing overhead budget for the upcoming fiscal year.

Compute the company's predetermined overhead rate $($including both variable and fixed manufacturing overhead$)$ for the upcoming

fiscal year.

Complete this question by entering your answers in the tabs below.

Prepare the company's manufacturing overhead budget for the upcoming fiscal year. $($Round "Variable manufacturing overhead rate"

answers to $2$ decimal places.$)$

Required $1$

Required $2$

Compute the company's predetermined overhead rate $($including both variable and fixed manufacturing overhead$)$ for the

upcoming fiscal year. $($Round your answer to $2$ decimal places.$)$

Predetermined overhead rate for the year