10.00 points Exercise 8-15 Direct Labor and Manufacturing Overhead Budgets ILOB-

Question

10.00 points Exercise 8-15 Direct Labor and Manufacturing Overhead Budgets ILOB-5, LO8 6 The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year Units to be produced 11,500 10500 12,500 13,500 Each unit requires 0 25 direct labor-hours and direct laborers are paid $14.00 per hour In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fxed manufacturing overhead is $95,000 per quarter The only noncash element of manufacturing overhead is depreciation, which is $35,000 per quarter 1. Prepare the company's direct labor budget for the Escal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit (hours)" and "Direct labor cost per hour" answers to 2 decimal places Hruska Corporation Direct Labor Budget 2nd 3ed Quarter 4th QuarterYe Required production in units Direct labor tirne per urit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost 2 Prepare the company's manufacturing overhead budgot Manufacturing Overhead Budget Variable Ficed manufacturing overhead Total manufacturing overhead Less depreciation overhead

Explanation / Answer

Direct labour budget :

Manufacturing overhead budget :

1st quarter 2nd quarter 3rd quarter 4th quarter yera required production in units 11500 10500 12500 13500 48000 Direct labour time per unit (hours) 0.25 0.25 0.25 0.25 0.25 Total direct labour hours needed 2875 2625 3125 3375 12000 direct labour cost per hour 14 14 14 14 14 Total direct labour cost 40250 36750 43750 47250 168000

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.