3 The Production Department of Hruska Corporation has submitted the following fo
ID: 2394336 • Letter: 3
Question
3 The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year 1st Quarter 11,500 2nd Quarter3rd Quarter4th Quarter 12,500 Units to be produced 10,500 13,500 points Sklpped Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the varlable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $35,000 per quarter eBook 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 Print for each quarter of the the upcoming fiscal year and for the year as a whole References Complete this question by entering your answers in the tabs below Req 1 Req 2 and 3 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. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) 1st Quarter 2nd Quarter uarter 4th Quarter ear Total direct labor cost Req 2 and 3>Explanation / Answer
direct labor Budget 1st Qtr 2nd qtr 3rd qtr 4th qtr Year Required production in units 11,500 10,500 12,500 13,500 48,000 direct labor time per unit 0.25 0.25 0.25 0.25 0.25 total direct labor hours needed 2875 2625 3125 3375 12000 direct labor cost per horu 14 14 14 14 14 total direct labor cost 40250 36750 43750 47250 168000 Manufacturing overhead budget 1st Qtr 2nd qtr 3rd qtr 4th qtr Year Variable manufacturing overhead 4600 4200 5000 5400 19200 fixed manufacturing overhead 95,000 95,000 95,000 95,000 380,000 total manufacturing overhead 99600 99200 100000 100400 399200 less Depreciation 35,000 35,000 35,000 35,000 140,000 cash disbursements for MOH 64,600 64,200 65,000 65,400 259,200 Variable MOH = 1.75 * DLH's as calculated in direct labor budget
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