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Exercise 8-5 (Algo) Manufacturing Overhead Budget (LO8-6] Yuvwell Corporation's direct labor budget for next year contained the following Information: Budgeted direct labor-hours 1st quarter 2nd Quarter 3rd quarter 4th Quarter 8,800 8,690 8,900 8,300 The company uses direct labor-hours as Its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.00 per direct labor-hour and its total fixed manufacturing overhead is $56,000 per quarter. The only noncash item Included in fixed manufacturing overhead is depreciation of $14.000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (Including both variable and fixed manufacturing overhead) for next year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's manufacturing overhead budget for next year. Note: Round "Variable manufacturing overhead rate answers to 2 decimal places. Variable manufacturing overhead rate Variable manufacturing overhead Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead 2nd Quarter 3rd Quarter 4th Quarter Year

Exercise 8-5 (Algo) Manufacturing Overhead Budget (LO8-6] Yuvwell Corporation's direct labor budget for next year contained the following Information: Budgeted direct labor-hours 1st quarter 2nd Quarter 3rd quarter 4th Quarter 8,800 8,690 8,900 8,300 The company uses direct labor-hours as Its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.00 per direct labor-hour and its total fixed manufacturing overhead is $56,000 per quarter. The only noncash item Included in fixed manufacturing overhead is depreciation of $14.000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (Including both variable and fixed manufacturing overhead) for next year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's manufacturing overhead budget for next year. Note: Round "Variable manufacturing overhead rate answers to 2 decimal places. Variable manufacturing overhead rate Variable manufacturing overhead Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead 2nd Quarter 3rd Quarter 4th Quarter Year

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter23: Flexible Budgeting (flexbud)
Section: Chapter Questions
Problem 4R
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Exercise 8-5 (Algo) Manufacturing Overhead Budget (LO8-6] Yuvwell Corporation's direct labor budget for next year contained the following Information: Budgeted direct labor-hours 1st quarter 2nd Quarter 3rd quarter 4th Quarter 8,800 8,690 8,900 8,300 The company uses direct labor-hours as Its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.00 per direct labor-hour and its total fixed manufacturing overhead is $56,000 per quarter. The only noncash item Included in fixed manufacturing overhead is depreciation of $14.000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (Including both variable and fixed manufacturing overhead) for next year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's manufacturing overhead budget for next year. Note: Round "Variable manufacturing overhead rate answers to 2 decimal places. Variable manufacturing overhead rate Variable manufacturing overhead Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead 2nd Quarter 3rd Quarter 4th Quarter Year <Required Required 2
Transcribed Image Text:Exercise 8-5 (Algo) Manufacturing Overhead Budget (LO8-6] Yuvwell Corporation's direct labor budget for next year contained the following Information: Budgeted direct labor-hours 1st quarter 2nd Quarter 3rd quarter 4th Quarter 8,800 8,690 8,900 8,300 The company uses direct labor-hours as Its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.00 per direct labor-hour and its total fixed manufacturing overhead is $56,000 per quarter. The only noncash item Included in fixed manufacturing overhead is depreciation of $14.000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (Including both variable and fixed manufacturing overhead) for next year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's manufacturing overhead budget for next year. Note: Round "Variable manufacturing overhead rate answers to 2 decimal places. Variable manufacturing overhead rate Variable manufacturing overhead Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead 2nd Quarter 3rd Quarter 4th Quarter Year <Required Required 2
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