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: 1st Quarter

image text in transcribed
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: 1st Quarter and Quarter 3rd Quarter Sth Quarter Units to be produced 11.900 10.900 12.900 13.900 Each unit requires 0 20 direct labor-hours and direct laborers are paid $15.00 per hour In addition, the variable manufacturing overhead rate is $1.50 per direct labor-hour. The fixed manufacturing overhead is $99,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $39,000 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 manufacturing overhead for each quarter of the upcoming fiscal year and for the year as a whole. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) 1st Quarter 3rd Quarter Total direct labor cost Req 2 and 3 > 2nd Quarter 4th Quarter Year The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year 4th Quarter It Quarter 2nd Quarter 3rd Quarter Units to be produced 11.900 10.900 12.900 13,000 Each unit requires 0 20 direct labor-hours and direct laborers are paid $15.00 per hour In addition the variable manufacturing overhead rate is $150 per direct labor-hour The fixed manufacturing overhead is $99.000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $39.000 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 manufacturing overhead for each quarter of the upcoming fiscal year and for the year as a whole Complete this question by entering your answers in the tabs below. Rei Red 2 and 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 1st Quarter 2nd starter 3rd Quarter 4th Quarter Year Total manufacturing overhoad Cash caturements for manufacturing owerhead

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

Auditing Transformation Regulation Digitalisation And Sustainability

Authors: Jan Marton, Fredrik Nilsson, Peter Öhman

1st Edition

103253303X, 978-1032533032

More Books

Students also viewed these Accounting questions