Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer all parts. thanks! The Production Department of Hiruska Corporation has submitted the following forecast of units to be produced by quarter for the
please answer all parts. thanks!
The Production Department of Hiruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 10,400 2nd Quarter 9,400 3rd Quarter 11,400 4th Quarter 12,400 Units to be produced Each unit requires 0.25 direct labor-hours and direct laborers are paid $12.00 per hour In addition, the variable manufacturing overhead rate is $1.70 per direct labor-hour. The fixed manufacturing overhead is $84,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $24,000 per quarter Required: 1. Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole. 263. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarter of the upcoming fiscal year and for the year as a whole
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started