The direct labor budget of Yuwwell Corporation for the upcoming fiscal year contains the folsowing details concerning budgeted direct labor hours The company uses direct lobor hous as its overhead allocation base. The varlable portion of its predetermined manufacturing overhead rate is $450 per direct labor hour and its total fixed manufacturing overhead is $68,000 per quarter. The only noncash iem included in fived manufacturing oveihead is depreciation, which is $17.000 per quarter. Required: 1 Prepare the companys manufacturing overhead budget for the upcoming ficcal year 2 Compute the company's predetemsned ovethead rate (including both variable and fixed manufacturing ovethead) for the upcoming fiscal year Complete this question by entering your answers in the tabs below. Wrepare the company's manufacturing cvertinad budget for the upcoining fscal vear, (Rcound "Vartable manufacturing overfmead rate" answers to 2 drcimal places.? Compute the company's predetermined overhead rate (including both variable and fixed manufactu upcoming fiscal year. (Round your answer to 2 decimal places.)