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
8,000
8,200
8,500
7,800
The companys variable manufacturing overhead rate is $3.25 per direct labor-hour and the companys fixed manufacturing overhead is $48,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter.
Required:
1. Complete the companys manufacturing overhead budget for the upcoming fiscal year.
2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your final answers to 2 decimal places.)
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