Complete the manufacturing overhead budget and the manufacturing overhead rate with variable and fixed manufacturing overhead for the upcoming fiscal year.Variable manufacturing overhead rate is $3.25 per direct labor hour and the fixed manufacturing overhead is $48 000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation of $16 000 per quarterBudgeted direct labor hours 1st quarter 8 000 2nd quarter 8 200 3rd quarter 8 500 4th quarter 7 800
