Jake is a young executive with a pharmaceutical firm. He earns $125,000 per year, and expects his income to increase at a rate of 4% over his career. Jake estimates that he consumes 20% of his salary personally, that his combined federal and state income tax bracket is 28%, and that inflation will average 3% over his career. The riskless rate of return is 5.184%. Using the Capitalized Earnings Approach to calculating life insurance needs, how much life insurance should Jake purchase

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.