Yuvwell Corporation's direct labor budget for next year contained the following information:

$1st$ Quarter $2nd$ Quarter $3rd$ Quarter $4th$ Quarter

Budgeted direct labor$-$hours $11,800,10,100,10,400,11,200$

The company uses direct labor$-$hours as its overhead allocation base. The variable portion of its predetermined manufacturing

overhead rate is $$6\mathrm{.}75$ per direct labor$-$hour and its total fixed manufacturing overhead is $$86,000$ per quarter. The only noncash item

included in fixed manufacturing overhead is depreciation of $$21,500$ per quarter.

Required:

Prepare the company's manufacturing overhead budget for next year.

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.

Required $1$

Prepare the company's manufacturing overhead budget for next year.

Note: Round "Variable manufacturing overhead rate" answers to $2$ decimal places.