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The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following detalls concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 11, 200 2nd Quarter 9,809 3rd Quarter 10,100 4th Quarter 10,900 The company uses direct labor-hours as Its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and Its total fixed manufacturing overhead is $80,000 per quarter. The only noncash Item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.

The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following detalls concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 11, 200 2nd Quarter 9,809 3rd Quarter 10,100 4th Quarter 10,900 The company uses direct labor-hours as Its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and Its total fixed manufacturing overhead is $80,000 per quarter. The only noncash Item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
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The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following detalls concerning budgeted direct labor-hours: des Budgeted direct labor-hours 1st Quarter 11, 200 Required 1 Required 2 2nd Quarter 9,800 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and Its total fixed manufacturing overhead is $80,000 per quarter. The only noncash Item Included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Complete this question by entering your answers in the tabs below. Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead 3rd Quarter 10,100 Cash disbursements for manufacturing overhead Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers to 2 decimal places. 4th Quarter 10,900 Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Required 2 > Year
Transcribed Image Text:The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following detalls concerning budgeted direct labor-hours: des Budgeted direct labor-hours 1st Quarter 11, 200 Required 1 Required 2 2nd Quarter 9,800 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and Its total fixed manufacturing overhead is $80,000 per quarter. The only noncash Item Included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Complete this question by entering your answers in the tabs below. Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead 3rd Quarter 10,100 Cash disbursements for manufacturing overhead Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers to 2 decimal places. 4th Quarter 10,900 Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Required 2 > Year
The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 11,200 Required 1 Required 2 2nd Quarter The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. The only noncash Item Included in fixed manufacturing overhead is depreciation, which is $20.000 per quarter. 3rd Quarter 10,100 Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Complete this question by entering your answers in the tabs below. Predetermined overhead rate for the year 4th Quarter 10,900 Required 1 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year, (Round your answer to 2 decimal places.)
Transcribed Image Text:The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 11,200 Required 1 Required 2 2nd Quarter The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. The only noncash Item Included in fixed manufacturing overhead is depreciation, which is $20.000 per quarter. 3rd Quarter 10,100 Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Complete this question by entering your answers in the tabs below. Predetermined overhead rate for the year 4th Quarter 10,900 Required 1 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year, (Round your answer to 2 decimal places.)
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