Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year

image text in transcribed
image text in transcribed
The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year Units to be produced First Quarter 8,000 Second Third Fourth Quarter Quarter Quarter 11,000 9,000 13,000 Each unit requires 0.30 direct labour-hours, and direct labour-hour workers are paid S10.50 per hour, In addition, the variable manufacturing overhead rate is $1.50 per direct labour-hour. The foxed manufacturing overhead is $23,000 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7.000 per quarter Required: 1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced Culbert Dessert Corporation Direct Labour Budget First Second Third Quarter Quarter Quarter Fourth Quarter Year Units to be produced Direct labour time per unit hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost 2. Prepare the company's manufacturing overhead budget. As per Schedule 5, your manufacturing overhead budget should also include the budgeted cash disbursements for overhead Culbert Dessert Corporation Manufacturing Ovechend Budget First Second Quarter Quarter Third Quarter Fourth Quartus Year Budgeted direct labour-hours Variable overhead rale Variable manufacturing overhead Fed manufacturing overhead 2. Prepare the company's manufacturing overhead budget. As per Schedule 5, your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Culbert Dessert Corporation Manufacturing Overhead Budget First Second Quarter Quarter Third Quarter Fourth Quarter Year Budgeted direct labour-hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead

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

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

10th Edition

0131457349, 978-0131457348

More Books

Students also viewed these Accounting questions

Question

List the key components within occupational health and safety.

Answered: 1 week ago

Question

Identify the general types of employment laws in Canada.

Answered: 1 week ago

Question

Describe discrimination and harassment in the workplace.

Answered: 1 week ago