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

Budgeted direct labor$-$hours

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

$9,000,8,700,9,000,8,400$

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

overhead rate is $$3\mathrm{.}25$ per direct labor$-$hour and its total fixed manufacturing overhead is $$58,000$ per quarter. The only noncash item

included in fixed manufacturing overhead is depreciation of $$14,500$ per quarter.

Required:

Prepare the 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.

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

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