Moss companyselected balance sheet informationdecember 31, 2017 and 20162017 2016current assets cash $ 91,150 $ 33,300accounts receivable 31,500 45,000inventory 66,500 55,400current liabilities accounts payable 43,400 32,200income taxes payable 2,700 3,500 moss companyincome statementfor year ended december 31, 2017sales $ 549,000cost of goods sold 357,600gross profit 191,400operating expenses depreciation expense $ 49,000 other expenses 128,500 177,500income before taxes 13,900income taxes expense 8,100net income $ 5,800 use the information above to calculate this company’s cash flows from operating activities using the indirect method. (amounts to be deducted should be indicated by a minus sign.)cash flows from operating activities: adjustments to reconcile net income to operating cash flow

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.