Hruska Corporation's production budget for next year contained the following estimates: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,900 10,900 12,900 13,900 Units to be produced Each unit requires 0.20 direct labor-hour and direct laborers are paid $15.00 per hour. In addition, the variable manufacturing overhead rate is $1.50 per direct labor-hour. The fixed manufacturing overhead is $99,000 per quarter. The only noncash element of manufacturing overhead is depreciation of $39,000 per quarter. Required: 1. Calculate the company's total estimated direct labor cost for each quarter and for the year as a whole. 2. and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarter and for the year as a whole. Complete this question by entering your answers in the tabs below. Required 1 Required 2 and 3 Calculate the company's total estimated direct labor cost for each quarter and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total direct labor cost < Required 1 Required 2 and 3 >
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![Hruska Corporation's production budget for next year contained the following estimates:
Units to be produced
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
11,900 10,900 12,900 13,900
Each unit requires 0.20 direct labor-hour and direct laborers are paid $15.00 per hour.
In addition, the variable manufacturing overhead rate is $1.50 per direct labor-hour. The fixed manufacturing overhead is $99,000 per
quarter. The only noncash element of manufacturing overhead is depreciation of $39,000 per quarter.
Required:
1. Calculate the company's total estimated direct labor cost for each quarter and for the year as a whole.
2. and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing
overhead for each quarter and for the year as a whole.
Complete this question by entering your answers in the tabs below.
Required 2
and 3
Calculate the company's total estimated direct labor cost for each quarter and for the year as a whole.
1st Quarter 2nd Quarter
3rd Quarter 4th Quarter
Year
Required 1
Total direct labor cost
Required 1
Required 2 and 3 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9737efd-391f-457a-98f6-aa044a0527f1%2F9affeb75-269e-46b7-b06f-d946b7075c95%2F6se3nyp_processed.jpeg&w=3840&q=75)
![Hruska Corporation's production budget for next year contained the following estimates:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
11,900
10,900 12,900 13,900
Units to be produced
Each unit requires 0.20 direct labor-hour and direct laborers are paid $15.00 per hour.
In addition, the variable manufacturing overhead rate is $1.50 per direct labor-hour. The fixed manufacturing overhead is $99,000 per
quarter. The only noncash element of manufacturing overhead is depreciation of $39,000 per quarter.
Required:
1. Calculate the company's total estimated direct labor cost for each quarter and for the year as a whole.
2. and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing
overhead for each quarter and for the year as a whole.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
and 3
Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarter
and for the year as a whole.
Total manufacturing overhead
Cash disbursements for manufacturing overhead
1st Quarter 2nd Quarter 3rd Quarter
< Required 1
Required 2 and 3
>
4th Quarter
Year](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9737efd-391f-457a-98f6-aa044a0527f1%2F9affeb75-269e-46b7-b06f-d946b7075c95%2Frvdmxmp_processed.jpeg&w=3840&q=75)
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