ABC Company is preparing its manufacturing overhead budget for 2016. Relevant data consist of the following: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units to be produced 34,000 54,000 73,000 82,000 Variable overhead cost per direct labor hour is $2, and the fixed overhead cost per quarter are depreciation $220,000, and maintenance $50,000. The direct labor hours is 1.5 hour per unit Required: a- Prepare the manufacturing overhead budget for the year, showing quarterly data? b- Wha

ABC Company is preparing Its manufacturing overhead budget for 2016. Relevant data consist of the following: W nits to be produced 34,000 54,000 73,000 82,000 Variable overhead cost per direct labor hour is $2, and the xed overhead cost per quarter are depreciation $220,000, and maintenance $50,000. The direct labor hours is 1.5 hour per unit Reg uired: a Prepare the manufacturing overhead budget for the year, showing quarterly data? b- What is the predetermined rate for the year? (Round your answer) c- What is the applied manufacturing overhead? Assume that the actual direct labor hour is 300,000 hours d- What is the adjusted cost of goods sold appeared in the income statement? Assume that the actual manufacturing overhead is $1,500,000, and the unadjusted cost of goods sold is $3,400,000