Brockney Incorporated bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $94,350 per month, which includes depreciation of $19,840. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 8,500 direct labor-hours will be required in that month. Required: 1. Determine the cash disbursements for manufacturing overhead for July 2. Determine the predetermined overhead rate for July (Round your answer to 2 decimal places) 1. Cash disbursements for manufacturing overhead 2. Predetermined overhead rate

Brockney Incorporated bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $94,350 per month, which includes depreciation of $19,840. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 8,500 direct labor-hours will be required in that month. Required: 1. Determine the cash disbursements for manufacturing overhead for July 2. Determine the predetermined overhead rate for July (Round your answer to 2 decimal places) 1. Cash disbursements for manufacturing overhead 2. Predetermined overhead rate

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 1BE: At the beginning of the period, the Fabricating Department budgeted direct labor of 72,000 and...

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