A gasoline dealer brought a diversity action in State B federal court against a distributor for willfully and knowingly overcharging for the price of fuel over a two-year period. The complaint alleged damages in the amount of $60,000 plus an additional $30,000 for punitive damages as allowed by state law. The dealer is a citizen of State A and the distributor was incorporated and had its principal place of business in State B. A second dealer, a citizen of State B, seeks to join a claim for $40,000 against the distributor in the same action based on the identical issue of overcharging for the price of fuel purchased over a similar time period. The distributor seeks to dismiss both claims due to lack of subject matter jurisdiction. How should the federal court proceed?

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.