The direct labor budget of Yuwwell Corporation for the upcoming fiscal year conta'ns the following detalls 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 $3.25 per direct labor-hour and its toral foved manufacturing overhead is $48.000 per quarter. The only noncash nem included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter. Requlrec: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. 2. Compute the company's predetermined overhead rate (including both varlable and foved manufacturing overhead) for the upcoming ifscal 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 places.)