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IV. Problem Solving. Submit your solution to my email. 4 points Problem 4: Manufacturing Overhead Budget The direct labor budget of Forever40, Inc. for the upcoming last quarter contains the following details below: The company's variable manufacturing overhead rate is P2.25 per direct labor hour and the fixed manufacturing overhead is P25,000 per month. Also includec in the fixed manufacturing overhead is depreciation, which is P7,500 per month. Required: 1. Prepare a manufacturing overhead budget for each month from October until December. (3 points). 2. Compute for the manufacturing overhead rate for the last quarter ( 1 point)