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The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following...

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Accounting

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 8,200,8,300,8,600,8,000
The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing
overhead rate is $2.25 per direct labor-hour and its total fixed manufacturing overhead is $50,000 per quarter. The only noncash item
included in fixed manufacturing overhead is depreciation, which is $12,500 per quarter.
Required:
Prepare the company's manufacturing overhead budget for the upcoming fiscal year.
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.
Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers to 2 decimal
places.)
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