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Required: 1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units produced. Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost Culbert Dessert Corporation Direct Labour Budget Budgeted direct labour-hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead First Quarter Second Third Fourth Quarter Quarter Quarter 2. Prepare the company's manufacturing overhead budget. As per Schedule 5., your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Cash disbursements for manufacturing overhead Culbert Dessert Corporation Manufacturing Overhead Budget First Quarter Year Second Third Quarter Quarter Fourth Quarter Year

Required: 1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units produced. Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost Culbert Dessert Corporation Direct Labour Budget Budgeted direct labour-hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead First Quarter Second Third Fourth Quarter Quarter Quarter 2. Prepare the company's manufacturing overhead budget. As per Schedule 5., your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Cash disbursements for manufacturing overhead Culbert Dessert Corporation Manufacturing Overhead Budget First Quarter Year Second Third Quarter Quarter Fourth Quarter Year

FINANCIAL ACCOUNTING
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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The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year. Units to be produced First Second Third Quarter Quarter Quarter 8,400 11,400 9,400 Each unit requires 0.30 direct labour-hours, and direct labour-hour workers are paid $11.00 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24,000 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,200 per quarter. Units to be produced Direct labour time per unit (hours) Total direct labour-hours Direct labour cost per hour Total direct labour cost Required: 1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units produced. Budgeted direct labour-hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Culbert Dessert Corporation Direct Labour Budget Second Quarter Fourth Quarter 13,400 First Quarter Cash disbursements for manufacturing overhead Third Quarter 2. Prepare the company's manufacturing overhead budget. As per Schedule 5, your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Fourth Quarter Culbert Dessert Corporation Manufacturing Overhead Budget First Quarter Second Quarter Year Third Quarter Fourth Quarter Year
Transcribed Image Text:The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year. Units to be produced First Second Third Quarter Quarter Quarter 8,400 11,400 9,400 Each unit requires 0.30 direct labour-hours, and direct labour-hour workers are paid $11.00 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24,000 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,200 per quarter. Units to be produced Direct labour time per unit (hours) Total direct labour-hours Direct labour cost per hour Total direct labour cost Required: 1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units produced. Budgeted direct labour-hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Culbert Dessert Corporation Direct Labour Budget Second Quarter Fourth Quarter 13,400 First Quarter Cash disbursements for manufacturing overhead Third Quarter 2. Prepare the company's manufacturing overhead budget. As per Schedule 5, your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Fourth Quarter Culbert Dessert Corporation Manufacturing Overhead Budget First Quarter Second Quarter Year Third Quarter Fourth Quarter Year
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