Wuwweil Corporation's direct labor budget for nest year contained the following information. Dudpeted direet latior-heurs 3,160 Prise 18,200 The compary uses direct laborhours as its overthead alocation base. The variable portion of as predetermined manufacturing overhead rate is $4.25 per direct labor hour and its total foxed manufscturing overbead is $66,000 per quarter. The only noncash nom included in foved manutacturing overthead is depreciation of $16.500 per quarter. Required: 1. Prepare the companys manufacturing overhead budget for next yeat 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing averhead) for next yeal. Complete this question by entering your answers in the tabs below. Frepare the company manufacturimg overheas budget for next yeat. Note: Reund "Variable manufacturing overthead nate" answers to 2 decithai places. Yuwwell Corporation's direct labor budget for next year contained the following information: The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $4.25 per direct labor-hour and its total fixed manufacturing overhead is $66,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation of $16,500 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year: Complete this question by entering your answers in the tabs below. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year: Note: Round your answer to 2 decimal places