{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T04:00:11-04:00", "answer_date": "2024-05-29 04:00:11", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1874754", "url": "\/study-help\/questions\/the-direct-labor-budget-of-yuvwell-corporation-for-the-upcoming-1874754", "question_creation_date_js": "2024-05-29T04:00:11-04:00", "question_creation_date": "May 29, 2024 04:00 AM", "meta_title": "[Solved] The direct labor budget of Yuvwell Corpor | SolutionInn", "meta_description": "Answer of - The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning | SolutionInn", "meta_keywords": "direct,labor,budget,yuvwell,corporation,upcoming,fiscal,year,details,concerning,budgeted,labor-hours", "question_title_h1": " The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st", "question_title": " The direct labor budget of Yuvwell Corporation for the upcoming fiscal", "question_title_for_js_snippet": "The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor hours Budgeted direct labor hours 1st Quarter 2nd Quarter 9,000 8,700 3rd Quarter 4th Quarter 9,000 8,400 The company uses direct labor hours as its overhead allocation base The variable portion of its predetermined manufacturing overhead rate is $3 25 per direct labor hour and its total fixed manufacturing overhead is $58,000 per quarter The only noncash item included in fixed manufacturing overhead is depreciation, which is $14,500 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 Prepare the company's manufacturing overhead budget for the upcoming fiscal year (Round Variable manufacturing overhead rate answers to 2 decimal places ) Yuvwell Corporation Manufacturing Overhead Budget 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead 1st Quarter Required 2 ", "question_description": "\"image\"image", "transcribed_text": "The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 2nd Quarter 9,000 8,700 3rd Quarter 4th Quarter 9,000 8,400 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $58,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $14,500 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 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round \"Variable manufacturing overhead rate\" answers to 2 decimal places.) Yuvwell Corporation Manufacturing Overhead Budget 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead 1st Quarter Required 2 >", "related_book": { "title": "Intermediate Accounting", "isbn": "9780470374948, 470423684, 470374942, 978-0470423684", "edition": "13th Edition", "authors": "Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/11.jpg", "uri": "\/textbooks\/intermediate-accounting-13th-edition-470423684", "see_more_uri": "" }, "free_related_book": { "isbn": "1957238119", "uri": "\/textbooks\/ruin-my-life-978-1957238111-246916", "name": "Ruin My Life", "edition": "" }, "question_posted": "2024-05-29 04:00:11", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/write-a-structured-flowchart-for-prob23", "description": "Write a structured flowchart for prob.2.3", "stars": 3 }, { "url": "\/what-is-the-relationship-between-desired-rate-of-return-and", "description": "What is the relationship between desired rate of return and internal rate of return?", "stars": 3.5 }, { "url": "\/what-major-organic-product-would-you-expect-to-obtain-when-acetic", "description": "What major organic product would you expect to obtain when acetic anhydride reacts with each of the following? (a) NH3 (excess) (b) H2O (c) CH3CH2CH2OH (d) C6H6 + AlCl3 (e) CH3CH2NH2 (excess) (f)...", "stars": 3 }, { "url": "\/study-help\/industrial-organizational-psychology-understanding-the-workplace\/when-and-where-did-financial-counseling-develop-as-a-field-1983782", "description": "When and where did financial counseling develop as a field of study and practice?", "stars": 3 }, { "url": "\/assume-that-you-have-just-been-hired-by-adams-garitty", "description": "Assume that you have just been hired by Adams, Garitty, and Evans (AGE), a consulting firm that specializes in analyses of firms capital structures and dividend policies. Your boss has asked you to...", "stars": 3 }, { "url": "\/study-help\/questions\/weaver-brothers-expects-to-earn-350-per-share-e1-and-9806992", "description": "Weaver Brothers expects to earn $3.50 per share (E_1), and has an expected dividend payout ratio of 60%. Its expected constant dividend growth rate is 4.4%, and its common stock currently sells for...", "stars": 3 }, { "url": "\/study-help\/federal-taxation-2021-corporations-partnerships-es\/melodic-musical-sales-inc-is-located-at-5500-fourth-avenue-851911", "description": "Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of...", "stars": 3 }, { "url": "\/study-help\/questions\/a-stretch-budget-is-a-budget-that-a-crosses-7509699", "description": "A stretch budget is a budget that _________. a. Crosses more than one responsibility center b. represents a challenging, but achievable level of performance c. Is impossible to implement in a cost...", "stars": 3 }, { "url": "\/study-help\/questions\/endogenous-growth-model-20-points-consider-an-economy-with-a-5152921", "description": "Endogenous Growth Model (20 points) Consider an economy with a total population of 100. Each individual in this economy accumulates human capital. Each period, a person has one unit of time to split...", "stars": 3 }, { "url": "\/study-help\/questions\/towards-the-end-of-the-course-we-discussed-some-of-4938508", "description": "Towards the end of the course, we discussed some of the details underlying Classical and Keynesian economics, a seemingly endless debate within the economics profession. In this, we are focusing on...", "stars": 3 }, { "url": "\/study-help\/questions\/1-an-individual-has-4000-to-invest-and-three-opportunities-859927", "description": "1. An individual has $4,000 to invest and three opportunities are available to him. Each opportunity requires deposits in $1,000 amounts; the investor may allocate a;; the money to just one...", "stars": 3 }, { "url": "\/study-help\/questions\/the-loquat-corporation-has-book-net-income-of-170200-for-838430", "description": "The Loquat Corporation has book net income of $170,200 for the current year. Included in this figure are the following items, which are reported on the corporation's Schedule M-1, Reconciliation of...", "stars": 3 }, { "url": "\/study-help\/questions\/use-the-balance-sheet-and-income-statement-below-valiums-medical-838436", "description": "Use the balance sheet and income statement below. VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars). Current assets: Assets Cash and...", "stars": 3 }, { "url": "\/study-help\/questions\/row-labels-sum-of-glasses-per-day-average-of-age-8277986", "description": "Row Labels Sum of Glasses per Day Average of AGE 1 95 46.52631579 2 88 47.61363636 3 318 47.18867925 4 96 47.79166667 5 150 49.5 Grand Total 747 47.32107023 Step 8: Practice Cross Tab and Grouping...", "stars": 3 }, { "url": "\/study-help\/managerial-accounting\/a-company-has-the-following-incomplete-production-budget-data-for-810475", "description": "A company has the following incomplete production budget data for the first quarter: In the previous December, ending inventory was 200 units, which was the minimum required, at 10% of projected...", "stars": 3 }, { "url": "\/study-help\/experiencing-mis\/dee-was-able-to-get-her-blog-up-and-running-1644346", "description": "Dee was able to get her blog up and running in time for the sales meeting, and she used it very successfully throughout the sales season. Given her lack of knowledge about information systems, she...", "stars": 3 }, { "url": "\/study-help\/experiencing-mis\/atno-time-did-dee-have-any-idea-of-what-she-1644345", "description": "Atno time did Dee have any idea of what she was doing. She had read blogs, and she knew she could write one. She also understood that she needed to restrict the blog to her own salespeople, but she...", "stars": 3 }, { "url": "\/study-help\/experiencing-mis\/this-case-is-real-helped-dee-formulate-the-idea-1644347", "description": "This case is real. | helped Dee formulate the idea for her blog. When she ran into trouble, I introduced her to Don Gray (who really exists and who does provide such consulting services). Dee does...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-1874753", "next": "\/study-help\/questions\/venus-creations-sells-window-treatments-shades-blinds-and-awnings-to-1874755" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " The direct labor budget of Yuvwell Corporation for the upcoming fiscal", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/the-direct-labor-budget-of-yuvwell-corporation-for-the-upcoming-1874754" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }1" } }