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Compute the company predetermined overhead rate

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Reference no: EM133024209

Question - 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

11,400

9,900

10,200

11,000

The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.25 per direct labor-hour and its total fixed manufacturing overhead is $82,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $20,500 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 variable and fixed manufacturing overhead) for the upcoming fiscal year.

Reference no: EM133024209

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