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: 1st Quarter 2nd Quarter 3rd Quarter 9,800 4th Quarter 10,900 Budgeted direct labor-hours 11,200 10,100 The company's variable manufacturing overhead rate is $6.00 per direct labor-hour and the company's 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. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th QuarterYear Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Total budgeted manufacturing overhead for the year Budgeted direct labor-hours for the year Predetermined overhead rate per hour for the year

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Q1 Q2 Q3 Q4 Total Budgeted Direct labour hours            11,200.00              9,800.00            10,100.00            10,900.00            42,000.00 Variable manufacturing overhead rate                      6.00                      6.00                      6.00                      6.00                      6.00 Variable Manufacturing overhead            67,200.00            58,800.00            60,600.00            65,400.00         252,000.00 Fixed manufacturing overhead            80,000.00            80,000.00            80,000.00            80,000.00         320,000.00 Total anufacturing overhead         147,200.00         138,800.00         140,600.00         145,400.00         572,000.00 Less depreciation            20,000.00            20,000.00            20,000.00            20,000.00            80,000.00 cash disbursement for manufacturing overhead         127,200.00         118,800.00         120,600.00         125,400.00         492,000.00 2) Total budgeted manufacturing overhead for the year         572,000.00 Budgeted direct labour hours for the year            42,000.00 Predetermined overhead rate per hour for the year                    13.62

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