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Check my work The direct labor budget of Yuvwell Corporation for the upcoming fiscal...

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Accounting

Check my work
The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours:
Budgeted direct labor-hours
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10,200,11,000
The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.25 per direct labor-hour and its total fixed manufacturing overhead is $82,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $20,500 per quarter.
Required:
Prepare the company's manufacturing overhead budget for the upcoming fiscal year.
Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.
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