Hruska Corporation's production budget for next year contained the following estimates: Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10,400 9,400 12,400 11,400 Each unit requires 0.25 direct labor-hour 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 pe quarter. The only noncash element of manufacturing overhead is depreciation of $24,000 per quarter. Required: 1. Calculate the company's total estimated direct labor cost for each quarter 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 and for the year as a whole. Complete this question by entering your answers in the tabs below. Required 2 and 3 Required 1 Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each qua and for the year as a whole. Total manufacturing overhead Cash disbursements for manufacturing overhead 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
Hruska Corporation's production budget for next year contained the following estimates: Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10,400 9,400 12,400 11,400 Each unit requires 0.25 direct labor-hour 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 pe quarter. The only noncash element of manufacturing overhead is depreciation of $24,000 per quarter. Required: 1. Calculate the company's total estimated direct labor cost for each quarter 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 and for the year as a whole. Complete this question by entering your answers in the tabs below. Required 2 and 3 Required 1 Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each qua and for the year as a whole. Total manufacturing overhead Cash disbursements for manufacturing overhead 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Concept explainers
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Transcribed Image Text:Hruska Corporation's production budget for next year contained the following estimates:
Units to be produced
1st Quarter 2nd Quarter 3rd Quarter. 4th Quarter
10,400
9,400
11,400
12,400
Each unit requires 0.25 direct labor-hour 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 of $24,000 per quarter.
Required:
1. Calculate the company's total estimated direct labor cost for each quarter 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 and for the year as a whole.
Complete this question by entering your answers in the tabs below.
Required 2
and 3
Required 1
Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarte
and for the year as a whole.
2nd Quarter
Total manufacturing overhead
Cash disbursements for manufacturing overhead
1st Quarter
< Required 1
3rd Quarter 4th Quarter
Required 2 and 3>
Year
Transcribed Image Text:Hruska Corporation's production budget for next year contained the following estimates:
1st Quarter 2nd Quarter 3rd Quarter
10,400
11,400
9,400
Units to be produced.
Each unit requires 0.25 direct labor-hour 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 $84,00-
quarter. The only noncash element of manufacturing overhead is depreciation of $24,000 per quarter.
Required:
1. Calculate the company's total estimated direct labor cost for each quarter 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 and for the year as a whole.
Complete this question by entering your answers in the tabs below.
4th Quarter
12,400
Required 2
and 3
Calculate the company's total estimated direct labor cost for each quarter and for the year as a whole.
1st Quarter
2nd Quarter
3rd Quarter 4th Quarter
Required 1
Total direct labor cost
Required 1
Required 2 and 3>
Year
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