The direct labor budget of Krispin Corporation for the upcoming fiscal year includes the following budgeted direct labor-hours

The direct labor budget of Krispin Corporation for the upcoming fiscal year includes the following budgeted direct labor-hours.





1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Budgeted direct labor-hours

5,000

4,800

5,200

5,400



The company’s variable manufacturing overhead rate is $1.75 per direct labor-hour and the company’s fixed manufacturing overhead is $35,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $15,000 per quarte



Required:

1.

Complete the company\'s manufacturing overhead budget for the upcoming fiscal year. (Input all amounts as positive values. Omit the \"$\" sign in your response.)

2.

Compute the company\'s manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places. Omit the \"$\" sign in your response.)




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