5 The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor hours: 1.33 points Budgeted direct labor-hours 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,600 10,000 10,300 11,100 BOOK References The company uses direct labor hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.50 per direct labor hour and its total fixed manufacturing overhead is $84,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $21,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year 2. Compute the company's predetermined overhead rate (including both varioble and fed manufacturing overhead) for the upcoming fiscal year Required 1 Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufactu overhead rate" answers to 2 decimal places.) Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter ok Year ences Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead ints Required 1 Required 2 eBook References Compute the company's predetermined overhead rate (including both v upcoming fiscal year. (Round your answer to 2 decimal places.) Predetermined overhead rate for the year