1... Using the given information, calculate and complete a manufacturing overhead budget for the year 2022. Round calculations to the nearest dollar and the final manufacturing overhead rate to 2 decimals. The Mugs Unlimited Corporation sells custom designed coffee mugs. They are preparing for the 2022 production year and creating budgets based on the information from the appropriate departments. Sales budgets and schedules of cash collections are complete, as is the production budget, direct materials budget, and direct labor budget. With the information below, prepare a manufacturing overhead budget. ***Overhead is applied based on direct labor hours (cost driver) Rate for variable manufacturing overhead is $3.00 **Fixed manufacturing costs are $18000 per quarter. **Depreciation is $6500 per quarter Manufacturing Overhead Budget For the year ended December 31, 2022 Budgeted Direct Labor Hours Variable Manufacturing Overhead Rate Total Variable Manufacturing Overhead Total fixed Manufacturing Overhead Total Manufacturing Overhead Less Depreciation Cash Disbursements for Manufacturing Overhead Total Manufacturing Overhead Budgeted Direct Labor Hours Manufacturing Overhead Rate m Q1 Q2 Q3 Q4 Annual