Vista camera services started the year with total assets of $ 130 comma 000 and total liabilities of $ 60 comma 000 . the revenues and the expenses for the year amounted to $ 100 comma 000 and $ 60 comma 000 , respectively. during the year, the owner did not make any additional contributions, but made withdrawals of $ 40 comma 000 . what is the amount of owner's equity at the end of the year?

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.