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

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Accounting

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 $6.75 per direct labor-hour and its total fixed manufacturing overhead is $86,000 per quarter. The only noncash item
included in fixed manufacturing overhead is depreciation of $21,500 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.
Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next
year.
Note: Round your answer to 2 decimal places.
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