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The production department of Regina Partners has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1 st
The production department of Regina Partners has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year:
st Quarter nd Quarter rd Quarter th Quarter
Units to be produced
Each unit requires direct labourhours, and direct labourhour workers are paid $ per hour.
In addition, the variable manufacturing overhead rate is $ per direct labourhour. The fixed manufacturing overhead is $ per quarter. The only noncash element of manufacturing overhead is depreciation, which is $ per quarter.
Required:
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.
Prepare the company's manufacturing overhead budget.
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