The direct labour budget of Yuvwell Corporation for the upcoming fiscal year contains the following...
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The direct labour budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labour-hours: The company's variable manufacturing overhead rate is $3.25 per direct labour-hour and the company's fixed manufacturing overhead is $48,000 per quarter. The only noncash item included in the fixed manufacturing overhead is depreciation, which is $16,000 per quarter. All expenses are paid in the period incurred. Required: 1. Construct the company's manufacturing overhead budget for the upcoming fiscal year. 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overheads) for the upcoming fiscal year. Round to the nearest whole cent
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