Question

The Covey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $4.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $64,000 per month, of which $18,000 is factory depreciation. If the budgeted cash disbursements for manufacturing overhead for November are $90,000, then the budgeted direct labor-hours for November must be: 11,000 direct labor-hours 22,500 direct labor-hours 6,500 direct labor-hours 2,000 direct labor-hours

Name: the covey corporation is preparing its manufacturing overhead budget for the fourth quarter of the year the budgeted variable manufacturing overhead rate is 400 per direct labor hour the bud 13075
Uploaded: 2022-05-30T18:36:06-08:00
Duration: 5 min 11 s
Channel: Rahul Mahato
Description: the covey corporation is preparing its manufacturing overhead budget for the fourth quarter of the year the budgeted variable manufacturing overhead rate is 400 per direct labor hour the bud 13075

          The Covey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $4.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $64,000 per month, of which $18,000 is factory depreciation. If the budgeted cash disbursements for manufacturing overhead for November are $90,000, then the budgeted direct labor-hours for November must be: 11,000 direct labor-hours 22,500 direct labor-hours 6,500 direct labor-hours 2,000 direct labor-hours

Added by Rodrigo M.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Rahul Mahato

05/30/2022

Step 1

- Fixed manufacturing overhead: $64,000 - Depreciation expense: $18,000 - Cash only fixed manufacturing overhead = $64,000 - $18,000 = $46,000 ** Show more…

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The Covey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $4.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $64,000 per month, of which $18,000 is factory depreciation. If the budgeted cash disbursements for manufacturing overhead for November are $90,000, then the budgeted direct labor-hours for November must be: 11,000 direct labor-hours 22,500 direct labor-hours 6,500 direct labor-hours 2,000 direct labor-hours