4 The direct labor budget of Yuvwell Corporation for the upcoming fiscal year co

Question

4 The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted direct labor-hours 11,200 9,800 10,100 10,900 points The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter. eBook Required 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Hint Print Complete this question by entering your answers in the tabs below References Required 1Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year ell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead

Explanation / Answer

1 Yuvwell Corporation Manufacturing Overhead Budget Particulars 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Particulars 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted DLH 11200 9800 10100 10900 42000 Variable Manufacturing Overhead Rate 6.00 6.00 6.00 6.00 6.00 Variable Manufacturing Overhead 67200 58800 60600 65400 252000 Fixed Manufacturing Overhead 80000 80000 80000 80000 320000 Total Manufacturing Overhead 147200 138800 140600 145400 572000 Less: Non Cash Expense(Depreciation) 20000 20000 20000 20000 80000 Cash Disbursement for Manufacturing Overhead 127200 118800 120600 125400 492000 2 Total Budgeted Manufacturing Overhead 572000 Total Budgeted Direct Labor Hours 42000 Predetermined Overhead Rate for the Year 13.62 (572000/42000)

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