Stephen graduates from college and his income increases by $30,000. nothing else changes. stephen decreases the quantity oframen noodles and chocolate chip cookies that he buys and increases the quantity of cla for stephen,

a. ramen noodles and chocolate chip cookies are inferior goods
b. ramen noodles and classical music cds have become substitutes
c. ramen noodles and chocolate chip cookies have become complements
d. classical music cds and chocolate chip cookies are normal goods

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 quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 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.