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Category > Accounting Posted 21 Apr 2017 My Price 10.00

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 6,9

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.

1.     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:

     

 

 

 

Answers

SmartExpert
(118)
Status NEW Posted 21 Apr 2017 06:04 AM My Price 10.00

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