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ms My Grades-ECO × ?? UND UND: U ? Email Tech Supp: X Mal-dennisache × 1 Sign into your ac × scription and/X/ Connect CSecure https//newconnect.mheducation.com/flow/connect.html Appssyllabus fine arts Ch. 8: Homework Saved Help Save & Exit Submit 5 Check my work 2 Exercise 8-15 Direct Labor and Manufacturing Overhead Budgets [LO8-5, LO8-6] The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: points 1st Quarter 2nd Quarter 3rd Quarter 4t Quarter Units to be produced 11,400 1e,480 12,400 13,400 eBook Print Each unit requires 0.30 direct labor-hours and direct laborers are paid $12.50 per hour References In addition, the variable manufacturing overhead rate is S1.50 per direct labor-hour. The fixed manufacturing overhead is $94,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $34,000 per quarter. Required 1. Calculate the company's total estimated direct labor cost for each quarter of the the upcoming fiscal year and for the year as a whole. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the estimated number of units produced. 2&3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarter of the the upcoming fiscal year and for the year as a whole Complete this question by entering your answers in the tabs below Req 1 Req 2 and 3 Mc Graw KPre 2 of 5 Next>Explanation / Answer
Requirement 1 Hruska Corporation Statement of total Estimated direct labor cost 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Units to be Produced 11,400 10,400 12,400 13,400 47,600 Direct Labor hours required 3,420 3,120 3,720 4,020 14,280 (11400X0.3) (10400X0.3) (12400X0.3) (13400X0.3) Total estimated Direct labor cost 42,750 39,000 46,500 50,250 1,78,500 (3420 X12.5) (3120 X12.5) (3720 X12.5) (4020 X12.5) Requirement 2&3 Statement of total Estimated manufacturing overhead cost and cash disbursements for manufacturing overhead 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Direct Labor hours required (Hours) 3,420 3,120 3,720 4,020 14,280 Variable manufacturing overhead cost ($) 5,130 4,680 5,580 6,030 21,420 (3420 X1.5) (3120 X1.5) (3720 X1.5) (4020 X1.5) Fixed manufacturing overhead cost 94,000 94,000 94,000 94,000 3,76,000 Total manufacturing overhead cost 99,130 98,680 99,580 1,00,030 3,97,420 Less: Non- Cash Overhead -Depreciation 34,000 34,000 34,000 34,000 1,36,000 cash disbursements for manufacturing overhead 65,130 64,680 65,580 66,030 2,61,420
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