Question
In: Accounting
The Production Department of a Corporation has submitted the following forecast of units to be produced...
The Production Department of a Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year:
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |
| Units to be produced | 10,400 | 9,400 | 11,400 | 12,400 |
Each unit requires 0.25 direct labor-hours and direct laborers are paid $12.00 per hour.
In addition, the variable manufacturing overhead rate is $1.70 per direct labor-hour. The fixed manufacturing overhead is $84,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $24,000 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&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.
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ekkarill92 answered 2 years agoRelated Solutions
The production department of Corporation has submitted the following forecast of units to be produced by...
The production department of Corporation has submitted the
following forecast of units to be produced by quarter for the
upcoming fiscal year:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Units to be produced
9,000
12,000
11,000
10,000
In addition, 15,750 grams of raw materials inventory is on hand
at the start of the 1st Quarter and the beginning accounts payable
for the 1st Quarter is $5,600.
Each unit requires 7 grams of raw material that costs $1.20 per
gram....
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced...
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
2nd Quarter
3rd Quarter
4th Quarter
Units to be produced
11,600
10,600
12,600
13,600
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 $1.75
per direct labor-hour. The fixed manufacturing overhead is $96,000
per quarter. The only noncash element of manufacturing overhead...
The production department of Zan Corporation has submitted the following forecast of units to be produced...
The production department of Zan Corporation has submitted the
following forecast of units to be produced by quarter for the
upcoming fiscal year:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Units to be produced
12,000
15,000
14,000
13,000
In addition, 15,000 grams of raw materials inventory is on hand
at the start of the 1st Quarter and the beginning accounts payable
for the 1st Quarter is $6,200.
Each unit requires 5 grams of raw material that costs $1.80 per...
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced...
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
2nd Quarter
3rd Quarter
4th Quarter
Units to be produced
10,700
9,700
11,700
12,700
Each unit requires 0.25 direct labor-hours and direct laborers
are paid $13.00 per hour.
In addition, the variable manufacturing overhead rate is $1.80
per direct labor-hour. The fixed manufacturing overhead is $87,000
per quarter. The only noncash element of manufacturing overhead...
The production department of Zan Corporation has submitted the following forecast of units to be produced...
The production department of Zan Corporation has submitted the
following forecast of units to be produced by quarter for the
upcoming fiscal year:
1st Quarter2nd Quarter3rd Quarter4th Quarter
Units to be produced24,00027,00026,00025,000
In addition, 42,000 grams of raw materials inventory is on hand
at the start of the 1st Quarter and the beginning accounts payable
for the 1st Quarter is $8,600.
Each unit requires 7 grams of raw material that costs $1.80 per
gram. Management desires to end each quarter...
The production department of Zan Corporation has submitted the following forecast of units to be produced...
The production department of Zan Corporation has submitted the
following forecast of units to be produced by quarter for the
upcoming fiscal year:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Units to be produced
5,000
8,000
7,000
6,000
In addition, 6,000 grams of raw materials inventory is on hand
at the start of the 1st Quarter and the beginning accounts payable
for the 1st Quarter is $2,880.
Each unit requires 8 grams of raw material that costs $1.20 per...
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced...
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
2nd
Quarter
3rd
Quarter
4th
Quarter
Units to be produced
11,000
10,000
12,000
13,000
Each unit requires 0.30 direct labor-hours and direct laborers
are paid $12.50 per hour.
In addition, the variable manufacturing overhead rate is $2.05
per direct labor-hour. The fixed manufacturing overhead is $90,000
per quarter. The only noncash element of manufacturing overhead...
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced...
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 2nd Quarter 3rd Quarter 4th
Quarter Units to be produced 11,600 10,600 12,600 13,600
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 $1.75 per direct labor-hour. The fixed
manufacturing overhead is $96,000 per quarter.
The only noncash element of manufacturing overhead...
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced...
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
2nd Quarter
3rd Quarter
4th 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...
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced...
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
2nd
Quarter
3rd
Quarter
4th
Quarter
Units to be
produced
11,200
10,200
12,200
13,200
Each unit requires
0.25 direct labor-hours and direct laborers are paid $13.00 per
hour.
In addition, the
variable manufacturing overhead rate is $1.40 per direct
labor-hour. The fixed manufacturing overhead is $92,000 per
quarter. The only noncash element of manufacturing overhead...
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