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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 Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost First Quarter 8,700 Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $9.50 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24.750 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,350 per quarter. 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 Third Second Quarter Quarter 11,700 9,788 Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Fourth Quarter 13,700 Culbert Dessert Corporation Direct Labour Budget First Quarter Second 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

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 Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost First Quarter 8,700 Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $9.50 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24.750 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,350 per quarter. 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 Third Second Quarter Quarter 11,700 9,788 Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Fourth Quarter 13,700 Culbert Dessert Corporation Direct Labour Budget First Quarter Second 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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost First Quarter 8,700 Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $9.50 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24.750 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,350 per quarter. 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 Second Third Quarter Quarter 11,700 9,700 Culbert Dessert Corporation Direct Labour Budget Second Quarter First Quarter Fourth Quarter 13,700 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 Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost First Quarter 8,700 Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $9.50 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24.750 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,350 per quarter. 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 Second Third Quarter Quarter 11,700 9,700 Culbert Dessert Corporation Direct Labour Budget Second Quarter First Quarter Fourth Quarter 13,700 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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