The green answers are already correct, I need help in the red parts
Your answer is partially correct. Joshua Hill, Sheridan & Hill Fabricators' production manager, has just completed the company's production budget and direct labor budget for the first quarter. January February March Quarter Budgeted unit sales 26,000 30,000 32,000 88,000 + Budgeted ending inventory 9,000 9,600 10,500 10,500 Total units required 35,000 39,600 42,500 98,500 - Beginning inventory 3,400 9,000 9,600 3,400 Budgeted production 31,600 30,600 32,900 95,100 | January February March Quarter Budgeted production 31,600 30,600 32,900 95,100 Standard DLH per unit 0.30 0.30 0.30 0.30 Total DLH required 9,480 9,180 9,870 28,530 Standard wage rate $17 $17 $17 $17 Budgeted DL cost $161,160 $156,060 $167,790 $485,010 He has identified the following monthly expenses that will be needed to support the company's manufacturing process. Variable Overhead Fixed Overhead per month per DLH Depreciation $31,000 Indirect materials 18,400 $1.20 Indirect labor 22,000 $0.20 Utilities 19,000 $0.15 Property taxes 4,300 Maintenance 5,000 $0.20 The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.50 per direct labor hour for fixed manufacturing overhead and $1.75 per direct labor hour for variable manufacturing overhead. Prepare Sheridan & Hill's manufacturing overhead budget for the first quarter. (Round per unit answers to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) He has identified the following monthly expenses that will be needed to support the company's manufacturing process. Variable Overhead Fixed Overhead per month per DLH Depreciation $31,000 Indirect materials 18,400 $1.20 Indirect labor 22,000 $0.20 Utilities 19,000 $0.15 Property taxes 4,300 Maintenance 5,000 $0.20 The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.50 per direct labor hour for fixed manufacturing overhead and $1.75 per direct labor hour for variable manufacturing overhead. Prepare Sheridan & Hill's manufacturing overhead budget for the first quarter. (Round per unit answers to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) January February DLH worked 9,480 9,180 1.75 $ 1.75 Total Budgeted MOH Total Budgeted VOH Noncash MOH items 16,590 16,065 68700 68700 Total Budgeted FOH Total Cash MOH cost 85290 84765 Noncash MOH items Depreciation 31,000 i 31,000 i Total Budgeted MOH 116290 $ 115765 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer January February DLH worked 9,480 9,180 VOH per DLH A $ 1.75 $ 1.75 $ Budgeted VOH 4 16,590 16,065 Budgeted FOH 4 68700 68700 04 Total Cash MOH cost 4 85290 84765 Noncash MOH items Depreciation 31,000 i 31,000 i lila Total Budgeted MOH 116290 $ 115765 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer February March Quarter 9,180 9,870 28,530 $ 1.75 $ 1.75 $ 1.75 16,065 17,273 49,928 68700 68700 206100 84765 85973 256028 31,000 i 31,000 i 93,000 i ta 115765 $ 116973 $ 349028 eTextbook and Media Save for Later Attempts: 2 of 3 used Submit
