Exercise 8-5 (Algo) Manufacturing Overhead Budget (LO8-6] Yuvwell Corporation's direct labor budget for next year contained the following information: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,600 10,000 10,300 Budgeted direct labor-hours 11,100 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.50 per direct labor-hour and its total fixed manufacturing overhead is $84,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation of $21,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year.
Exercise 8-5 (Algo) Manufacturing Overhead Budget (LO8-6] Yuvwell Corporation's direct labor budget for next year contained the following information: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,600 10,000 10,300 Budgeted direct labor-hours 11,100 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.50 per direct labor-hour and its total fixed manufacturing overhead is $84,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation of $21,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year.
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![Exercise 8-5 (Algo) Manufacturing Overhead Budget [LO8-6]
Yuvwell Corporation's direct labor budget for next year contained the following information:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
11,600
10,000
10,300
Budgeted direct labor-hours
11,100
The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing
overhead rate is $6.50 per direct labor-hour and its total fixed manufacturing overhead is $84,000 per quarter. The only noncash item
included in fixed manufacturing overhead is depreciation of $21,000 per quarter.
Required:
1. Prepare the company's manufacturing overhead budget for next year.
2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Prepare the company's manufacturing overhead budget for next year.
Note: Round "Variable manufacturing overhead rate" answers to 2 decimal places.
Yuvwell Corporation
Manufacturing Overhead Budget
2nd Quarter
1st Quarter
Variable manufacturing overhead rate
Variable manufacturing overhead
Fixed manufacturing overhead
Total manufacturing overhead
Cash disbursements for manufacturing overhead
3rd Quarter
4th Quarter
Year
Required 1
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcdeb686f-b0eb-432d-9089-0a9ebe8e7d53%2Fc0198134-0edd-4775-8652-dd6ae8f47d27%2Ff70ngv8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 8-5 (Algo) Manufacturing Overhead Budget [LO8-6]
Yuvwell Corporation's direct labor budget for next year contained the following information:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
11,600
10,000
10,300
Budgeted direct labor-hours
11,100
The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing
overhead rate is $6.50 per direct labor-hour and its total fixed manufacturing overhead is $84,000 per quarter. The only noncash item
included in fixed manufacturing overhead is depreciation of $21,000 per quarter.
Required:
1. Prepare the company's manufacturing overhead budget for next year.
2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Prepare the company's manufacturing overhead budget for next year.
Note: Round "Variable manufacturing overhead rate" answers to 2 decimal places.
Yuvwell Corporation
Manufacturing Overhead Budget
2nd Quarter
1st Quarter
Variable manufacturing overhead rate
Variable manufacturing overhead
Fixed manufacturing overhead
Total manufacturing overhead
Cash disbursements for manufacturing overhead
3rd Quarter
4th Quarter
Year
Required 1
Required 2 >
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