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Calculate the company total estimated manufacturing

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Reference no: EM132539947

Direct Labor and Manufacturing Overhead Budgets

The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year:

                           1st Quarter         2nd Quarter       3rd Quarter        4th Quarter

Units to be produced   12,000               10,000              13,000               14,000

  • Each unit requires 0.2 direct labor-hours and direct laborers are paid $12.00 per hour.
  • In addition, the variable manufacturing overhead rate is $1.75 per direct labor-hour. The fixed manufacturing overhead is $86,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $23,000 per quarter.

Required:

Question 1. Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole.

Question 2. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarter of the upcoming fiscal year and for the year as a whole.

Reference no: EM132539947

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