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please show work The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal
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The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Each unit requires 0.2 direct labor-hours and direct laborers are poid $16.00 per hout. In addition, the variable manufacturing overhead rate is $1,75 per direct labor-hout. The fixed manufacturing overhead is $86,000 per quarter. The only noncash element of manufacturing overthead is depreciation, which is $23,000 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: 2 and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for mgnufacturing overhead for each quarter of the the upcoming fiscal year and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculate the company total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole. Whole. Notet Round "Direct labor time per unt (hours)" answers to 2 decimal places. The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscalyear, Each unit requires 0.2 direct labor-hours and direct laborers are paid $16.00 per hour. In addition, the variable manufacturing overhead rate is $175 per direct labor-hour The foxed manufacturing overhead is $86,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $23,000 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 2 and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for magnufacturing overhead for each quarter of the the upcoming fiscal year and for the year as a whole. Complete this question by entering vour answers in the tabs below. Calculate the bShpany's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for exch quarter of the the upcoming fiscal year and for the year as a whole. The president of the retailer Prime Products has just approached the company's bank with a request for a $30,000,90-day loan. The ourpose of the loan is to assist the company in acquiring inventories. Because the company has had some difficulty in paying off its oans in the past, the loan officer has asked for a cash budget to help determine whether the loan should be made. The following data are available for the months April through June, during which the loan will be used: a. On April 1, the start of the loan period, the cash balance will be $24,000. Accounts receivable on April 1 will totat $140.000, of which $120,000 will be collected during April and $16,000 will be collected during May. The remainder will be uncoliectible. b. Past experience shows that 30% of a month's sales are coliected in the month of sale, 60% in the month following sale, and 8% in the second month following sale. The other 2% is bad debts that are never collected Budgeted sales and expenses for the threemonth period follow: c. Merchandise purchases are paid in full during the month following purchase. Accounts payable for merchandise purchases during March, which will be paid in Apri, total \$140.000. d. In preparing the cash budget, assume that the $30.000 loan will be made in Aprit and repaid in tune inferest en rhe toan will fotar $1,200. Pequired: 1. Calculate the expected cash collections for Aprit, May, and June, and for the thice months in total 2 Prepare a cash budget. by month and in total, for the three-month period Complate this question by entering rour answers in the tabs belaw. Prepare a cash budget, by month and in total, for the three-month period. Note: Cash deficiency, repayments and interest should be indicated by a minus sign Step by Step Solution
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