1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alona [7]
2 years ago
6

The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted d

irect labor-hours: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted direct labor-hours 9,200 8,800 9,100 9,500 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.50 per direct labor-hour and its total fixed manufacturing overhead is $60,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $15,000 per quarter.
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.
Business
1 answer:
Kruka [31]2 years ago
8 0

Answer:

Results are below.

Explanation:

Giving the following information:

1st Quarter 2nd Quarter 3rd Quarter 4th

Quarter Budgeted direct labor-hours 9,200 8,800 9,100 9,500

The variable portion of its predetermined manufacturing overhead rate is $3.50 per direct labor hour.

Total fixed manufacturing overhead= $60,000

<u>First, we need to calculate the total variable and fixed overhead for the year:</u>

Total variable overhead= (9,200 + 8,800 + 9,100 + 9,500)*3.5= $128,100

Total fixed overhead= 60,000*4= $240,000

Total budgeted overhead= $368,100

<u>Now, the predetermined overhead rate:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (240,000 / 36,600) + 3.5

Predetermined manufacturing overhead rate= $10.06 per direct labor hour

You might be interested in
Which type of financing refers to giving up some control of the business to raise funds
grigory [225]

Answer:

venture capital financing,

Explanation:

To obtain venture capital financing, business founders often have to give up some ownership and control of their business.

4 0
3 years ago
Your__ is the way you use your time, energy, and resources
Sidana [21]

Answer:

Lifestyle

Explanation:

Lifestyle is a way of life established by a society, culture, group or individual. This includes patterns of behavior, interaction, consumption, work, activity and interests that describe how a person spends their time.

8 0
3 years ago
A group that sponsors bike helmet poster contests for children to promote bicycle safety is providing which marketing offering
KengaRu [80]
Ideas is your answer
4 0
2 years ago
What is the difference between Nepalese microeconomics and macroeconomics?
dangina [55]
Microeconomics study of particular markets, and segments of the economy. It looks at issues like consumer behavior, individuals labor markets, and film theory. Macroeconomics is the study of the whole economy. It looks at aggregate variables, such as aggregate demand, national output and inflation!!!
8 0
3 years ago
The majority of 401 (k) plans are participant directed.<br> a)true<br> b) false
xxTIMURxx [149]

The plans regarding the contributions made to the 401(k) plans are directed by the participant, who is also known as an employee of the organization.

<h3>Who is a 401(k) plan?</h3>

A 401(k) can be referred to as a feature of a profit-sharing plan that enables the employees to make a partial contribution of their wages to their individual accounts.

An employee is referred to as a participant for the purpose of this plan. It is further to be noted that this plan is as per the voluntary directions of the participant.

Hence, it holds true that majority of the 401(k) plans are participant directed.

Learn more about 401(k) plans here:

brainly.com/question/3671553

#SPJ1

8 0
2 years ago
Other questions:
  • why might a bank offer to make a loan to a consumer at a low initial rate which will increase after a set period of time?a. too
    12·1 answer
  • List five things you should do if you are a victim of identity theft
    14·1 answer
  • The primary weakness of EBITminus EPS analysis is that
    9·1 answer
  • Marks &amp; spencer implemented _______ to track its inventory more effectively.
    15·1 answer
  • During which phase of the communication process is it most likely that the entire communication process may repeat? A: feedback
    6·1 answer
  • Cindy's Ceramics engaged in a like-kind exchange that resulted in a $3,000 gain. In addition to the like-kind property received
    15·1 answer
  • Max is designing a symbol for Clean Glow, a company that produces cleaning supplies. Once it is completed, the symbol will be le
    9·1 answer
  • Suppose that Marie is buying bananas. She decides that she would like to purchase three bananas at the price of $0.25 per banana
    13·1 answer
  • At the beginning of the year, Vendors, Inc., had owners' equity of $49,850. During the year, net income was $6,150 and the compa
    14·1 answer
  • Tam attended Brown University during 2016–2020. She lived at home and was claimed by her parents as a dependent during her entir
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!