The direct labor budget of Yuwwell Corporation for the upcoming fiscal yeor contains the foliowing...
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The direct labor budget of Yuwwell Corporation for the upcoming fiscal yeor contains the foliowing details concerning budgeted direct labor-hours: The company uses direct labor-hours as its overhead allocation bose. The variable portion of its predetermined manufacturing overhead rate is $5.75 per direct labor-hour and its total fixed manufacturing overhead is $78,000 per quarter. The only noncosh item included in fred mantifocturing overheod is depreclation, which is $19,500 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 varioble 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 decimat places.) Complete this question by entering your answers in the tabs below. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places.)
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