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

$\backslash$table$[[$Budgeted direct labor$-$hours,$1$st Quarter,$2$nd Quarter $33$rd Quarter $4$th Quarter,,$],[,8,600,8,500,8,800,8,200]]$

The company uses direct labor$-$hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $$2\mathrm{.}75$ per direct labor$-$hour and its total fixed manufacturing overhead is $$54,000$ per quarter. The only noncash item included in fixed manufacturing overhead is depreciation of $$13,500$ 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