Homework Help is Here – Start Your Trial Now!
Business
Accounting
The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year. Units to be produced Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost First Quarter 8,700 Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $9.50 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24.750 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,350 per quarter. Required: 1. 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 forecast number of units produced. Budgeted direct labour-hours Variable overhead rate Third Second Quarter Quarter 11,700 9,788 Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Fourth Quarter 13,700 Culbert Dessert Corporation Direct Labour Budget First Quarter Second Quarter Cash disbursements for manufacturing overhead Third Quarter 2. Prepare the company's manufacturing overhead budget. As per Schedule 5. your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Fourth Quarter Culbert Dessert Corporation Manufacturing Overhead Budget First Quarter Second Quarter Year Third Quarter Fourth Quarter Year

The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year. Units to be produced Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost First Quarter 8,700 Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $9.50 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24.750 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,350 per quarter. Required: 1. 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 forecast number of units produced. Budgeted direct labour-hours Variable overhead rate Third Second Quarter Quarter 11,700 9,788 Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Fourth Quarter 13,700 Culbert Dessert Corporation Direct Labour Budget First Quarter Second Quarter Cash disbursements for manufacturing overhead Third Quarter 2. Prepare the company's manufacturing overhead budget. As per Schedule 5. your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Fourth Quarter Culbert Dessert Corporation Manufacturing Overhead Budget First Quarter Second Quarter Year Third Quarter Fourth Quarter Year

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter23: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 4CMA: JoyT Company manufactures Maxi Dolls for sale in toy stores. In planning for this year, JoyT...
See similar textbooks
icon
Related questions
Question

Please do not give solution in image format thanku 

The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year. Units to be produced Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost First Quarter 8,700 Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $9.50 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24.750 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,350 per quarter. Required: 1. 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 forecast number of units produced. Budgeted direct labour-hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Second Third Quarter Quarter 11,700 9,700 Culbert Dessert Corporation Direct Labour Budget Second Quarter First Quarter Fourth Quarter 13,700 Cash disbursements for manufacturing overhead Third Quarter 2. Prepare the company's manufacturing overhead budget. As per Schedule 5. your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Fourth Quarter Culbert Dessert Corporation Manufacturing Overhead Budget First Quarter Second Quarter Year Third Quarter Fourth Quarter Year
Transcribed Image Text:The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year. Units to be produced Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost First Quarter 8,700 Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $9.50 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $24.750 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,350 per quarter. Required: 1. 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 forecast number of units produced. Budgeted direct labour-hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Second Third Quarter Quarter 11,700 9,700 Culbert Dessert Corporation Direct Labour Budget Second Quarter First Quarter Fourth Quarter 13,700 Cash disbursements for manufacturing overhead Third Quarter 2. Prepare the company's manufacturing overhead budget. As per Schedule 5. your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Fourth Quarter Culbert Dessert Corporation Manufacturing Overhead Budget First Quarter Second Quarter Year Third Quarter Fourth Quarter Year
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Product life cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Essentials of Business Analytics (MindTap Course …
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS