1. 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 10,000 13,000 14,000 15,000 Each unit requires 6 minutes direct labor and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $2.00 per direct labor-hour. The fored manufacturing overhead is $50,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $20,000 per quarter. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit (hours)" answers to 2 decimal places) Hruska Corporation Direct Labor Budget 1st 2nd 3rd Quarter Quarter Quarter 4th Quarter Year Required production in units Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost epare the company's manufacturing overhead budget Husk Corporation manufacturing overhead budget 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Loss depreciation Cash disbursements for manufacturing overhead 3. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) es Mailings Review View 2 Pearl Products Limited, manufactures and distributes toy. To keep production and sales moving smoothly, the company has the following inventory requirements: The finished goods inventory on hand at the end of each month must be equal to 3,000 units plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 12,400 units. A sales budget for the last six months of the year follows. July August September October November December Budgeted Sales in Units 47.000 52.000 62.000 42,000 32.000 22.000 Required: Prepare a production budget for Supermix for the months July August September, and the quarter. Pearl Products Limited Production Budget For the Quarter ended September 30th August September Quarter Budgeted units sales Add: Desired units of ending finished goods inventory Total needs Less: Units of beginning finished goods inventory_ Required production in units
