Scenario Direct Transfers Indirect Transfers Indirect Transfers through Investment through Financial
Banks Intermediaries
Entrepreneurs often start businesses by seeking
financial help from family and friends.
Shylock, a moneylender in Shakespeare's play
The Merchant of Venice, lends his own money to
Antonio, who needs 3,000 ducats to help his friend.
Elliot invests $25,000 by purchasing 1,000 shares of
an emerging markets mutual fund. This mutual fund
invests in companies in Brazil, India, and China. He
bought the mutual fund from the mutual fund company.
xEdu is an early-stage start-up company that plans to
issue its first public common stock—called an initial public
offering (IPO)—in six months. It hires an investment bank
to underwrite the issue.

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.