Help Save & E Brockney Inc. bases its manufacturing overhead budget on budgeted direct labor-hours The variable overhead rate is $110 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $120,320 per month, which includes depreciation of $19,730 All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 9,400 direct labor- hours will be required in that month. Required: 1. Determine the cash disbursements for manufacturing overhead for July 2. Determine the predetermined overhead rate for July. (Round your answer to 2 decimal places.) 1. Cash disbursements for manufacturing overhead 2. Predetermined overhead rate