Hruska Corporation's production budget for next year contained the following estimates: Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10,500 12,500 9,500 11,500 Each unit requires 0.30 direct labor-hour and direct laborers are paid $12.50 per hour. In addition, the variable manufacturing overhead rate is $1.80 per direct labor-hour. The fixed manufacturing overhead is $85,000 per quarter. The only noncash element of manufacturing overhead is depreciation of $25,000 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. Check

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Hruska Corporation's production budget for next year contained the following estimates:
Units to be produced
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
10,500
9,500
11,500
12,500
Each unit requires 0.30 direct labor-hour and direct laborers are paid $12.50 per hour.
In addition, the variable manufacturing overhead rate is $1.80 per direct labor-hour. The fixed manufacturing overhead is $85,000 per
quarter. The only noncash element of manufacturing overhead is depreciation of $25,000 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
Check my work
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.
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3 of 5
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Transcribed Image Text:Hruska Corporation's production budget for next year contained the following estimates: Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10,500 9,500 11,500 12,500 Each unit requires 0.30 direct labor-hour and direct laborers are paid $12.50 per hour. In addition, the variable manufacturing overhead rate is $1.80 per direct labor-hour. The fixed manufacturing overhead is $85,000 per quarter. The only noncash element of manufacturing overhead is depreciation of $25,000 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 Check my work 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. < Prev 3 of 5 Next >
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