The direct labour budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labour-hours: Ist Quarter Quarter Quarter Quarter Budgeted direct labour-hours 11,800 10,100 10,400 11,200 2nd 3rd 4th The company's variable manufacturing overhead rate is $6.75 per direct labour-hour and the company's fixed manufacturing overhead is $86,000 per quarter. The only non-cash item included in fixed manufacturing overhead is depreciation, which is $21,500 per quarter, Required: 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Loss depreciation Cash disbursements for manufacturing overhead 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