On january 2, 2018, howdy doody corporation purchased 12% of ranger corporation's common stock for $52,000. ranger's net income for the years ended december 31, 2018 and 2019, were $14,000 and $57,000, respectively. during 2018, ranger declared and paid a dividend of $64,000. on december 31, 2018, the fair value of the ranger stock owned by howdy doody had increased to $69,000. how much should howdy doody show in the 2018 income statement as income from this investment?

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.