The direct labour budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labour-hours: Budgeted direct labour-hours. 1st 2nd Quarter Quarter 10,400 9,400 3rd Quarter 9,700 Variable manufacturing overhead Fixed manufacturing overhead 4th Quarter 10,500 The company's variable manufacturing overhead rate is $5.00 per direct labour-hour and the company's fixed manufacturing overhead is $72,000 per quarter. The only non-cash item included in fixed manufacturing overhead is depreciation, which is $18,000 per quarter. Required: 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
2b. Would you recommend the increased advertising?
yes
no
![The direct labour budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct
labour-hours:
Budgeted direct labour-hours
1st
2nd
3rd
4th
Quarter Quarter Quarter Quarter
10,400 9,400 9,700 10,500
The company's variable manufacturing overhead rate is $5.00 per direct labour-hour and the company's fixed manufacturing overhead
is $72,000 per quarter. The only non-cash item included in fixed manufacturing overhead is depreciation, which is $18,000 per quarter.
Required:
1. Complete the company's manufacturing overhead budget for the upcoming fiscal year.
Variable manufacturing overhead
Fixed manufacturing overhead
Total manufacturing overhead
Less depreciation
Cash disbursements for manufacturing overhead
Yuvwell Corporation
Manufacturing Overhead Budget
1st Quarter
Total budgeted manufacturing overhead for the year
Budgeted direct labour-hours for the year
Predetermined overhead rate for the year
$
2nd Quarter
0 $
3rd Quarter 4th Quarter
0 $
0 $
0
$
Year
0
2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming
fiscal year.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F32a8e28b-8d18-4e53-94ba-44f9f8d24439%2F88d154da-57e2-4fca-807a-1f04aa126af9%2Fdi7s8h_processed.png&w=3840&q=75)
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