The direct labor budget of Yuwwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor$-$hours:

$\backslash$table$[[,1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$th Quarter$],[$Budgeted direct labor$-$hours,$9,600,9,000,9,300,10,100]]$

The company uses direct labor$-$hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $$4\mathrm{.}00$ per direct labor$-$hour and its total fixed manufacturing overhead is $$64,000$ per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $$16,000$ 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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Required $1$

Prepare the company's manufacturing overhead budget for the upcoming fiscal year. $($Round "Variable manufacturing overhead rate" answers to $2$ decimal places.$)$

$\backslash$table$[[$Yuvwell Corporation,,$],[,$Manufacturing Overhead Budget,,,$],[$Variable manufacturing overhead rate,$2$nd Quarter,$3$rd Quarter,$4$th Quarter,Year$],[$Variable manufacturing overhead,,,,$],[$Fixed manufacturing overhead,,,,$],[$Total manufacturing overhead,,,,$]]$