The direct labor budget of Krispin Corporation for the upcoming fiscal year includes the following budgeted direct labor hours.
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |
| Budgeted direct labor hours | 5,000 | 4,800 | 5,200 | 5,400 |
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The company%u2019s variable manufacturing overhead rate is $1.75 per direct labor hour and the company%u2019s fixed manufacturing overhead is $35,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $15,000 per quarter. |
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| 1. |
Complete the company’s manufacturing overhead budget for the upcoming fiscal year. (Input all amounts as positive values. Omit the “$” sign in your response.) |
| Krispin Corporation Manufacturing Overhead Budget |
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| 1st Quarter |
2nd Quarter |
3rd Quarter |
4th Quarter |
Year | |
| Variable manufacturing overhead | $ | $ | $ | $ | $ |
| Fixed manufacturing overhead | |||||
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| Total manufacturing overhead | |||||
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| Cash disbursements for manufacturing overhead | $ | $ | $ | $ | $ |
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| 2. |
Compute the company’s manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places. Omit the “$” sign in your response.) |
| Predetermined manufacturing overhead rate | $ |