Check my work 5 The direct labor budget of Yuvwell Corporation for the upcoming

Question

Check my work 5 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 Quarter 10 points Budgeted direct labor-hours 10,000 9,200 9,500 10,300 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $4.50 per direct labor-hour and its total fixed manufacturing overhead is $68,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $17,000 per quarter. eBook Hint Print Required: References 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. Complete this question by entering your answers in the tabs below

Explanation / Answer

1 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted direct labor hours 10000 9200 9500 10300 39000 Variable manufacturing overhead rate 4.5 4.5 4.5 4.5 4.5 Variable manufacturing overhead 45000 41400 42750 46350 175500 Fixed manufacturing overhead 68000 68000 68000 68000 272000 Total manufacturing overhead 113000 109400 110750 114350 447500 Less depreciation 17000 17000 17000 17000 68000 Cash disbursements for manufacturing overhead 96000 92400 93750 97350 379500 2 Total budgeted manufacturing overhead for the year 447500 Budgeted direct labor-hours for the year 39000 Predetermined overhead rate for the year 11.47

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