The Production Department of Harveton Corporation has submitted the following forecast of units to be produced by

Question:

The Production Department of Harveton Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year.

Each unit requires 0.80 direct labor-hours and direct labor-hour workers are paid $11.50 per hour.
In addition, the variable manufacturing overhead rate is $2.50 per direct labor-hour. The fixed manufacturing overhead is $90,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $34,000 per quarter.

Required:
1. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
2. Prepare the company's manufacturing overheadbudget.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...