The direct labor budget of Yuvwell Corporation for the upcoming fiscal year cont

Question

The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: The company's variable manufacturing overhead rate is $7.00 per direct labor-hour and the company's fixed manufacturing overhead is $88,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $22,000 per quarter. Required: Complete the company's manufacturing overhead budget for the upcoming fiscal year. 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.

Explanation / Answer

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Budgeted direct labor hours            12,000            10,200            10,500            11,300            44,000 Yuvwell Corporation Manufacturing Overhead Budget 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Total Year Variable Manufacturing overhead (at $7 per hour) $84,000 $71,400 $73,500 $79,100 $308,000 Fixed Manufacturing Overhead $88,000 $88,000 $88,000 $88,000 $352,000 Total Manufacturing Overhead $172,000 $159,400 $161,500 $167,100 $660,000 Less Depreciation $22,000 $22,000 $22,000 $22,000 $88,000 Cash disbursements for Manufacturing Overhead $150,000 $137,400 $139,500 $145,100 $572,000

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