The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year 1st Quarter 11,790 2nd Quarter 10,700 Jed Quarter 12,700 Total direct labor cost 4th Quarter Units to be produced Each unit requires 0.25 direct labor hours and direct laborers are paid $15.00 per hour In addition, the variable manufacturing overhead rate is $180 per direct labor hour. The fixed mandfacturing overhead is $97.000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $37,000 per quarter Required: 1 Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole. 2. and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarter of the upcoming fiscal year and for the year as a whole. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole. (Round "Direct labor time per unit (hours)" answers to 2 decimal places) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year 1st Quarter 11,790 2nd Quarter 10,700 Jed Quarter 12,700 Total direct labor cost 4th Quarter Units to be produced Each unit requires 0.25 direct labor hours and direct laborers are paid $15.00 per hour In addition, the variable manufacturing overhead rate is $180 per direct labor hour. The fixed mandfacturing overhead is $97.000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $37,000 per quarter Required: 1 Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole. 2. and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarter of the upcoming fiscal year and for the year as a whole. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole. (Round "Direct labor time per unit (hours)" answers to 2 decimal places) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:Exercise 8-15 (Algo) Direct Labor and Manufacturing Overhead Budgets (LO8-5, L08-6)
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the
upcoming fiscal year
Ist Quarter
11,700
2nd Quarter
10,700
Jed Quarter
12,700
Units to be produced
Each unit requires 0.25 direct labor-hours and direct laborers are paid $15.00 per hour
In addition, the variable manufacturing overhead rate is $180 per direct labor hour. The fixed manofacturing overhead is $97,000 per
quarter. The only noncash element of manufacturing overhead is depreciation, which is $37,000 per quarter
Total direct labor cost
13,700
Required:
1. Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole.
2. and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing
overhead for each quarter of the upcoming fiscal year and for the year as a whole.
Complete this question by entering your answers in the tabs below.
Reg 1 Req 2 and 3
Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a
whole. (Round "Direct labor time per unit (hours)" answers to 2 decimal places)
1st Quarter 2nd Quarter 3rd Quarter
4th Quarter
Year
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