The direct labor budget of Yuwwell Corporation for the upcoming fiscal year contains the following detalls concerning budgeted direct labor-hours: overhead rate is $3.00 per iabor-hours as its overhead allocation base. The variable portion of its predetermined manufocturing included in fixed manufacturing overhead is deprecintion, fixed manufacturing overhead is $56,000 per quarter. The only noncash item Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers t places.) 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.)