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

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.

Required:
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
1st
Quarter
2nd
Quarter
3rd
Quarter
4th
Quarter
Year
Variable manufacturing overhead $ $ $ $ $
Fixed manufacturing overhead





Total manufacturing overhead
Less depreciation





Cash disbursements for manufacturing overhead $ $ $ $ $











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 $