Iz - Chapter 9 Soad The direct labour budget of Small Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labour-hours: Second Third Fourth First Quarter Quarter Quarter Quarter Budgeted direct labour-hours 6,400 6.200 6,600 6,800 The company's variable manufacturing overhead rate is $2.45 per direct labour-hour and the company's fixed manufacturing overhead is $41,000 per quarter. The only non- cash item included in the fixed manufacturing overhead is depreciation, which is $17,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. SMALL CORPORATION Manufacturing Overhead Budget First Quarter Second Quarter Third Quarter Fourth Quarter Year 3 0 0 0 0 0 Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Los depreciation Cash disbursements for manufacturing Overhead 0 Compute the company's manufacturing overhead rate (including both variable and MacBook Air 80 GOD ood 4 12 $ % & SL WHI TU per quarter. bed in the fixed manufacturing overhead is depreciation, which is $17,000 Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. SMALL CORPORATION Manufacturing Overhead Dudget First Quarter Second Quarter Third Quarter Fourth Quarter Year $ Variable manufacturing overhead Food manufacturing overhead Total manufacturing overhead Less depreciation Cash disbursements for manufacturing Overhead OOOO 0 0 0 0 Compute the company's manufacturing overhead rate (including both variable and 2. fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places.) Predetermined verteed rate for the year MacBook Air OOO * 80 *** # 3 $ 4 % 5 & 7 2 6 8