South-western Federal Taxation 2020: Comprehensive (with Intuit Proconnect Tax Online & Ria Checkpoint, 1 Term (6 Months) Printed Access Card)
43rd Edition
ISBN: 9780357109144
Author: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
Publisher: Cengage Learning
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Vistar Manufacturing bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 8,200 direct labor-hours will be required in July. The variable overhead rate is $4.85 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $125,000 per month, which includes depreciation of $10,500. All other fixed manufacturing overhead costs represent current cash flows. What should be the July cash disbursements for manufacturing overhead on the manufacturing overhead budget?
Please explain the correct approach for solving this general accounting question.
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