Please do not give solution in image format thanku Complete this question by entering your answers in the tabs below.Required 1 Required 2Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers to 2 decimalplaces.)Variable manufacturing overhead rateVanable manufacturing overheadFixed manufacturing overheadTotal manufacturing overheadCash disbursements for manufacturing overheadYuvwell CorporationManufacturing Overhead Budget1st Quarter2nd Quarter* Required 1Required 11 Required 2Complete this question by entering your answers in the tabs below.3rd QuarterRequired 2 >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 upcomingfiscal year.< Required 14th QuarterYearCompute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for theupcoming fiscal year. (Round your answer to 2 decimal places.)Predetermined overhead rate for the year.Required 2 > The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted directlabor-hours:1st Quarter 2nd Quarter 3rd Quarter 4th Quarter8,6008,5008,8008,200Budgeted direct labor-hoursThe company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturingoverhead rate is $2.75 per direct labor-hour and its total fixed manufacturing overhead is $54,000 per quarter. The only noncash itemincluded in fixed manufacturing overhead is depreciation, which is $13,500 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 upcomingfiscal year.4Complete this question by entering your answers in the tabs below.Required 1 Required 2

Lets understand the basics.Manufacturing overhead costs are costs which are incurred for the…

The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 8,600 8,500 8,800 8,200 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 $2.75 per direct labor-hour and its total fixed manufacturing overhead is $54,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $13,500 per quarter. Required: