Yuvwell Corporations direct labor budget for next year contained the following information: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted direct labor-hours 9,000 8,700 9,000 8,400 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $58,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation of $14,500 per quarter. Required: Prepare the companys manufacturing overhead budget for next year. Compute the companys predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year