The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours:     1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted direct labor-hours 9,800 9,100 9,400 10,200     The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $4.25 per direct labor-hour and its total fixed manufacturing overhead is $66,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $16,500 per quarter.

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Chapter1: Financial Statements And Business Decisions
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The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours:

 

  1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted direct labor-hours 9,800 9,100 9,400 10,200
 

 

The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $4.25 per direct labor-hour and its total fixed manufacturing overhead is $66,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $16,500 per quarter.

 

Required 1
Required 2
Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufac
rate" answers to 2 decimal places.)
Yuvwell Corporation
Manufacturing Overhead Budget
3rd
Quarter
1st
2nd
4th
Year
Quarter
Quarter
Quarter
Budgeted direct labor-hours
9,800
9,100
9,400
10,200
38,500
Variable manufacturing overhead rate
$
4.25
4.25
$
4.25
$
4.25
2$
4.25
$ 41,650
$ 38,675
$ 39,950
$ 43,350
$
163,625
Variable manufacturing overhead
Fixed manufacturing overhead
66,000
66,000
66,000
66,000
264,000
Total manufacturing overhead
107,650
104,675
105,950
109,350
427,625
Less: Depreciation
$ 91,150
$ 88,175
$ 89,450
$
361,625
Cash disbursements for manufacturing overhead
$ 92,850
Transcribed Image Text:Required 1 Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufac rate" answers to 2 decimal places.) Yuvwell Corporation Manufacturing Overhead Budget 3rd Quarter 1st 2nd 4th Year Quarter Quarter Quarter Budgeted direct labor-hours 9,800 9,100 9,400 10,200 38,500 Variable manufacturing overhead rate $ 4.25 4.25 $ 4.25 $ 4.25 2$ 4.25 $ 41,650 $ 38,675 $ 39,950 $ 43,350 $ 163,625 Variable manufacturing overhead Fixed manufacturing overhead 66,000 66,000 66,000 66,000 264,000 Total manufacturing overhead 107,650 104,675 105,950 109,350 427,625 Less: Depreciation $ 91,150 $ 88,175 $ 89,450 $ 361,625 Cash disbursements for manufacturing overhead $ 92,850
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