Question

req1.

Chapter 8 Assignment The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the folowing details concerning budgeted direct labor-hours: Rudgeted direct labor-hours Ist Quarter 2nd Quarter Sed Quarter 4th Quarter 1,600 10.DDD 10,00 11,100 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing averhead rate is $6.50 per direct labor-hour and its total fixed manufacturing overhead is SB4,000 per quarter. The only noncash item included in foed manufacturing averhead is depreciation, which is $21,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year 2. Compute the companys predetermined overhead rate including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round Variable manufacturing overhead rate" answers to 2 decimal places.) Yurwell Corporation Manufacturing Overhead legat 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variatie manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cashda u Overhead n i tar manu acturing Required 2 >

req. 2

Answer 1

		Manufacturing overhead Budget
					1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Year
Budgeted direct labor hours					11,400	10,000	10,300	11,100	42,800
Variable manufacturing overhead rate					6.5	6.5	6.5	6.5	6.5
Variable manufacturing budget					74100	65000	66950	72150	278200
Fixed manufacturing budget					84,000	84,000	84,000	84,000	336,000
total manufacturing budget					158100	149000	150950	156150	614200
less depreciation					21,000	21,000	21,000	21,000	84,000
Cash disbursements for manufacturing overhead					137,100	128,000	129,950	135,150	530,200
2)
	total budgeted manufacturing overhead for the year						614,200
	budgeted direct labor hours for the year						42,800
	predetermined overhead rate for the year						14.35