Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 2nd 3rd

image text in transcribed

The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 2nd 3rd 4th 1st Quarter Quarter Quarter Quarter Units to be 12,000 10,000 13,000 14,000 produced Each unit requires 0.2 direct labor-hours and direct laborers are paid $12.00 per hour In addition, the variable manufacturing overhead rate is $$1.75 per direct labor-hour. The fixed manufacturing overhead is $86,000 per quarter. The only noncash element of manufacturing overhead is depreclation, which is $23,000 per quarter Required: 1. Calculate the company's total estimated direct labor cost for each quarter of the the upcoming fiscal year and for the year as a whole. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the estimated number of units produced 2&3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing 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. Req 2 and 3 Req 1 Calculate the company's total estimated manufacturing overhead cost,the cash disbursements for manufacturing overhead for each quarter of the the upcoming fiscal year and for the year as a whole (Hint: Refer to Schedule 5 for guidance). (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Show less 1st Quarter 2nd rd Quarter 4th Year Quarter Quarter Total direct labor cost Req 1 Req 2 and 3>

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_2

Step: 3

blur-text-image_3

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

Will You Be My Internal Audit Manager

Authors: Benito Gross

1st Edition

B09774C8CK, 979-8521636563

More Books

Students also viewed these Accounting questions