Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brockney Incorporated bases its manufacturing overhead budget on budgeted direct labor - hours. The variable overhead rate is $ 1 . 1 0 per direct

image text in transcribed
Brockney Incorporated bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $120,320 per month, which includes depreciation of $19,730. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 9,400 direct labor-hours will be required in that month.
Required:
Determine the cash disbursements for manufacturing overhead for July.
Determine the predetermined overhead rate for July.
Note: Round your answer to 2 decimal places.
\table[[1. Cash disbursements for manufacturing overhead],[2. Predetermined overhead rate]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle

2nd edition

1118385381, 978-1118385388

More Books

Students also viewed these Accounting questions

Question

how does a clothing retailer choose to operate

Answered: 1 week ago