Colorful, inc. was incorporated on january 1, 2016. colorful issued 15,000 shares of common stock and 800 shares of preferred stock on that date. the preferred stock is cumulative, $100 par, with a 12% dividend rate. colorful has not paid any dividends yet. in 2019, colorful had its first profitable year, and on november 1, 2019, colorful declared a total dividend of $44,000. what is the total amount that will be paid to common stockholders?

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.