abuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 135 Units in beginning inventory 0 Units produced 2,700 Units sold 2,210 Units in ending inventory 490 Variable costs per unit: Direct materials $ 37 Direct labor $ 27 Variable manufacturing overhead $ 7 Variable selling and administrative expense $ 8 Fixed costs: Fixed manufacturing overhead $59,400 Fixed selling and administrative expense $6,630 The total gross margin for the month under the absorption costing approach is:

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.