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 11,400 2nd Quarter 10,400 3rd Quarter 12,400 4th Quarter 13,400 Units to be produced Each unit requires 0.30 direct labor-hours and direct laborers are paid $12.50 per hour. In addition, the variable manufacturing overhead rate is $1.50 per direct labor-hour. The fixed manufacturing overhead is $94,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $34,000 per quarter. Required: 1. Calculate the company's total estimated direct labor cost for each quarter of the the upcoming fiscal year and for the year as a whole. 2&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. Req 1 Req 2 and 3 Calculate the company's total estimated direct labor cost for each quarter of the 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 Total direct labor cost
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.
![Complete this question by entering your answers in the tabs below.
Req 1
Req 2 and 3
Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for
each quarter of the the upcoming fiscal year and for the year as a whole.
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Year
Total manufacturing overhead
Cash disbursements for manufacturing
overhead
< Req 1
Req 2 and 3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea83e3b7-0e0d-467f-bf06-ccc4d710b33d%2Fbdf4b5a2-bf65-4c2d-9b68-5a72b76ea3aa%2F47eedtw_processed.png&w=3840&q=75)
![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
3rd Quarter
12,400
4th Quarter
13,400
2nd Quarter
Units to be produced
11,400
10,400
Each unit requires 0.30 direct labor-hours and direct laborers are paid $12.50 per hour.
In addition, the variable manufacturing overhead rate is $1.50 per direct labor-hour. The fixed manufacturing overhead is $94,000 per
quarter. The only noncash element of manufacturing overhead is depreciation, which is $34,000 per quarter.
Required:
1. Calculate the company's total estimated direct labor cost for each quarter of the the upcoming fiscal year and for the year as a
whole.
2&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.
Req 1
Req 2 and 3
Calculate the company's total estimated direct labor cost for each quarter of the 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
Total direct labor cost
Req 1
Req 2 and 3 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea83e3b7-0e0d-467f-bf06-ccc4d710b33d%2Fbdf4b5a2-bf65-4c2d-9b68-5a72b76ea3aa%2F6jgyv8q_processed.png&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)