The direct labour budget of Small Corporation for the upcoming fiscal year contains the following...

Question

The direct labour budget of Small Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labour-hours:

First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Budgeted direct labour-hours	6,700	6,500	6,900	7,100

The company’s variable manufacturing overhead rate is $2.60 per direct labour-hour, and the company’s fixed manufacturing overhead is $36,000 per quarter. The only non-cash item included in the fixed manufacturing overhead is depreciation, which is $15,000 per quarter.

Prepare the company’s manufacturing overhead budget for the upcoming fiscal year.

Small corporation
Manufacturing Overhead Budget
First quarter second quarter third quarter fourth quarter Year
Variable manufacturing overhead
Fixed manufacturing overhead
Total manufacturing overhead
Less depreciation
Cash disbursements for manufacturing

2.	Compute the company’s manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.(Round your answer to 2 decimal places.)
Predetermined overhead rate for the year:

005_wfsdajo-holat1vw.docx

Robert · Accepted Answer

1) The manufacturing overhead budget is indicated below.

The direct labour budget of Small Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labour-hours: First Quarter Second Quarter Third Quarter Fourth...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment