The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following...
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The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted direct labor-hours 9,000 8,700 9,000 8,400 The company's variable manufacturing overhead rate is 53.25 per direct labor-hour and the company's fixed manufacturing overhead is 558,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $14,500 per quarter Required: 1. Complete the company's manufacturing overhead budget for the upcoming fiscal yean Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Fixed Less depreciation 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year Total budgeted manufacturing overhead for the Budgeted direct labor-hours for the year Predetermined overhead rate for the year
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