(Answered) Problem - the direct labor budget of yuvwell corporation

Accounting

Problem - The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours:

	1^st Quarter	2^nd Quarter	3^rd Quarter	4^th Quarter
Budgeted direct labor-hours	11,600	10,000	10,300	11,100

The company's variable manufacturing overhead rate is $6.50 per direct labor-hour and the company's fixed manufacturing overhead is $84,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $21,000 per quarter.

Required:

1. Complete the company's manufacturing overhead budget for the upcoming fiscal year.

2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.

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