EXERCISE 95 Manufacturing Overhead Budget [LO6] The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter Budgeted direct labor-hours. 8,000 8,200 8,500 7,800 The company's variable manufacturing overhead rate is $3.25 per direct labor-hour and the company's fixed manufacturing overhead is $48,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter. Required: 1. Construct the company's manufacturing overhead budget for the upcoming fiscal year. 2. Compute the company's manufacturing overhead rate (including both variable and fixed man- ufacturing overhead) for the upcoming fiscal year. Round off to the nearest whole cent. EXERCISE 9-6 Selling and Administrative Expense Budget [LO7] The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:

EXERCISE 95 Manufacturing Overhead Budget [LO6] The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter Budgeted direct labor-hours. 8,000 8,200 8,500 7,800 The company's variable manufacturing overhead rate is $3.25 per direct labor-hour and the company's fixed manufacturing overhead is $48,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter. Required: 1. Construct the company's manufacturing overhead budget for the upcoming fiscal year. 2. Compute the company's manufacturing overhead rate (including both variable and fixed man- ufacturing overhead) for the upcoming fiscal year. Round off to the nearest whole cent. EXERCISE 9-6 Selling and Administrative Expense Budget [LO7] The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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