The direct labour budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labour-hours: Budgeted direct labour-hours 1st 2nd Quarter Quarter 11,600 10,000 3rd Quarter Quarter 10,300 11,100 4th The company's variable manufacturing overhead rate is $6.50 per direct labour-hour and the company's fixed manufacturing overhead is $84,000 per quarter. The only non-cash item included in fixed manufacturing overhead is depreciation, which is $21,000 per quarter Required: 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Yuvwell Corporation Manufacturing Overhead Budget Variable manufacturing overhead Fixed manufacturing overhead 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead S 05 0 $ 05 0 $ 0 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Requireu. 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Less depreciation Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quartor 3rd Quarter 4th Quarter Year Cash disbursements for manufacturing overhead $ 0 $ 0 $ 0 $ O 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Total budgeted manufacturing overhead for the year Budgeted direct labour-hours for the year Predetermined overhead rate for the year