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Connect ar 01 newconnect mheducation.com/flow/connect.html Help Save & Exit Submit Saved Assignment 7-1 Week 7 Practice 6 Check my work 2 The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: nd 3rd 4th points QuarterQuarter Quarter Quarter Budgeted direct labo 10, 800 9, 600 9,900 10,700 hours eBook The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $5.50 per direct labor-hour and its total 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 Hint Prnt Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year 2. Compute the company's 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.

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ans 1 Manufacturing Overhead Budget 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Labor hours required (working) 10800 9600 9900 10700 41000 Variable Manufcturing overhead rate 5.50 5.50 5.50 5.50 5.50 Variable Manufacturing overhead 59400 52800 54450 58850 225500 Fixed Manufacturing overhead 76000 76000 76000 76000 304000 Total manufacturing overhead $135,400 $128,800 $130,450 $134,850 529500 Less:Depreciation $19,000 $19,000 $19,000 $19,000 76000 Cash disbursement for Man. Overhead $116,400 $109,800 $111,450 $115,850 $453,500 ans 2 Predetermined overhead rate 12.91 529500/41000 If any doubt please comment. If satisfied you can rate the answer

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