The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter 11,400 9,900 10,200 11,000 Budgeted direct labor-hours The company uses direct labor-hours as its overhead allocation base

The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter 11,400 9,900 10,200 11,000 Budgeted direct labor-hours 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: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers to 2 decimal places.) Yuvwell Corporation Manufacturing Overhead Budget 1st 2nd 3rd 4th Year Quarter Quarter Quarter Quarter Estimated unit sales 11,400 9,900 10,200 11,000 42,500 Variable manufacturing overhead $ 6.25 $ 6.25 $ 6.25 $ 6.25 $ 6.25 rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Less: Depreciation Cash disbursements for manufacturing overhead
Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places.) Show less Predetermined overhead rate for the year