Solution-Compute the company manufacturing overhead rate

Compute the company manufacturing overhead rate

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Reference no: EM131938461

Problem - The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours:

	1^st Quarter	2^nd Quarter	3^rd Quarter	4^th Quarter
Budgeted direct labor-hours	11,600	10,000	10,300	11,100

The company's variable manufacturing overhead rate is $6.50 per direct labor-hour and the company's fixed manufacturing overhead is $84,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $21,000 per quarter.

Required:

1. Complete 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 overhead) for the upcoming fiscal year.

Reference no: EM131938461

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Compute the company manufacturing overhead rate

Reference no: EM131938461

Reference no: EM131938461

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