Exercise 8-5 (Algo) Manufacturing Overhead Budget (L08-6] The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor hours: Ist Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted direct labor-hours 9.600 9,000 9.300 10,100 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $400 per direct labor-hour and its total fixed manufacturing overhead is 564,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $16,000 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 Complete this question by entering your answers in the tabs below. Required: Required 2 Compute the companys predetermined overneed rate incang both van de and loved manutactuning oveready for the upcoming fiscal year Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "variable manufacturing overhead rate answers to 2 decimal places) Yurwoll Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter Year Variable manufacturing overhead rate Variable manufacturing averead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacuting overhead Required) Budgeted direct labor-hours 9,600 9,000 9,300 10,100 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $4.00 per direct labor-hour and its total fred manufacturing overhead is 564.000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $16.000 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places Predetermined overhead rate for the year (Required 1
