Yuvwell Corporation's direct labor budget for next year contained the following Information: Budgeted direct labor-hours 1st Quarter 2nd Quarter 8,000 8,200 3rd Quarter 4th Quarter 8,500 7,800 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $48,000 per quarter. The only noncash Item Included in fixed manufacturing overhead is depreciation of $16,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year. Note: Round your answer to 2 decimal places. Predetermined overhead rate for the year < Required 1 Required 2 >
Yuvwell Corporation's direct labor budget for next year contained the following Information: Budgeted direct labor-hours 1st Quarter 2nd Quarter 8,000 8,200 3rd Quarter 4th Quarter 8,500 7,800 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $48,000 per quarter. The only noncash Item Included in fixed manufacturing overhead is depreciation of $16,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year. Note: Round your answer to 2 decimal places. Predetermined overhead rate for the year < Required 1 Required 2 >
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
Problem 16E: Thomas Textiles Corporation began November with a budget for 60,000 hours of production in the...
Related questions
Question
![Yuvwell Corporation's direct labor budget for next year contained the following Information:
Budgeted direct labor-hours
1st Quarter 2nd Quarter
8,000
8,200
3rd Quarter 4th Quarter
8,500
7,800
The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing
overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $48,000 per quarter. The only noncash Item
Included in fixed manufacturing overhead is depreciation of $16,000 per quarter.
Required:
1. Prepare the company's manufacturing overhead budget for next year.
2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next
year.
Note: Round your answer to 2 decimal places.
Predetermined overhead rate for the year
< Required 1
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F24dc6e98-c8af-4d8b-8b32-07d76b901d13%2Fe7386159-edfb-4bc2-a316-c9dbd9e6c44f%2F3d0kbbv_processed.png&w=3840&q=75)
Transcribed Image Text:Yuvwell Corporation's direct labor budget for next year contained the following Information:
Budgeted direct labor-hours
1st Quarter 2nd Quarter
8,000
8,200
3rd Quarter 4th Quarter
8,500
7,800
The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing
overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $48,000 per quarter. The only noncash Item
Included in fixed manufacturing overhead is depreciation of $16,000 per quarter.
Required:
1. Prepare the company's manufacturing overhead budget for next year.
2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next
year.
Note: Round your answer to 2 decimal places.
Predetermined overhead rate for the year
< Required 1
Required 2 >
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