Yuvwell 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 $$5\mathrm{.}50$ per direct labor$-$hour and its total fixed manufacturing overhead is $$76,000$ per

quarter. The only noncash item included in fixed manufacturing overhead is depreciation of $$19,000$ 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. Provided values are correct.