The NASAA statement of policy regarding investment advisors that wish to exercise discretion in a customer account:A. Requires that written power of attorney be obtained prior to the age and exercising discretionB. Permits that the agent can exercise discretion for up to 10 days upon the verbal authorization of the customer, as long as written power of attorney is obtained by the end of the time. C. Permits the agent to exercise discretion for up to 30 days upon the verbal authorization of the customer, as long as written power of attorney is obtained by the end of that time.

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.