Question 4 (of 5) value 10.00 points The direct labor budget of Yuvwell Corporat

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Question 4 (of 5) value 10.00 points 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 10,800 9,600 9,900 10,700 The company's variable manufacturing overhead rate is $5.50 per direct labor-hour and the company's fixed manufacturing overhead is $76,000 per quarter. The only noncash item -included in fixed manufacturing overhead is depreciation, which is $19,000 per quarter Required: ete the company's manufacturing overhead budget for the upcoming fiscal year Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead 2 Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year Total budgeted manufacturing overhead for the year Budgeted direct labor-hours for the year Predetermined overhead rate per hour for the year Hante Rafaranres_ aRnnk RR Type here to search

Explanation / Answer

Solution:

1) Completing the Company's Manufacturing Overhead Budget for the Upcoming Fiscal Year:

Yuvwell Corporation

Manufacturing Overhead Budget

2) Calculation of the Company's Manufacturing Overhead Rate for the Upcoming Fiscal Year:

Yuvwell Corporation

Manufacturing Overhead Budget

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable Manufacturing Overhead $59,400 $52,800 $54,450 $58,850 $225,500 Fixed Manufacturing Overhead $76,000 $76,000 $76,000 $76,000 $304,000 Total Manufacturing Overhead $135,400 $128,800 $130,450 $134,850 $529,500 Less: Depreciation $19,000 $19,000 $19,000 $19,000 $76,000 Cash Disbursement of Manufacturing Overhead $116,400 $109,800 $111,450 $115,850 $453,500

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