The direct labour budget of Small Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labour-hours:

	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Budgeted direct labour-hours	5,300	5,100	5,500	5,700

The companys variable manufacturing overhead rate is $1.90 per direct labour-hour, and the companys fixed manufacturing overhead is $38,000 per quarter. The only non-cash item included in the fixed manufacturing overhead is depreciation, which is $18,000 per quarter.

Required:
1.	Prepare the companys manufacturing overhead budget for the upcoming fiscal year.

2.	Compute the companys manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places.)

SMALL CORPORATION Manufacturing Overhead Budget First Quarter Second Quarter Third Quarter Fourth Quarter Year Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead