The Direct Labor Budget of Faier Corporation for the Upcoming

Essay

The direct labor budget of Faier Corporation for the upcoming year contains the following details concerning budgeted direct labor-hours. The company's variable manufacturing overhead rate is $3.50 per direct labor-hour,and the company's fixed manufacturing overhead is $65,000 per quarter.The only noncash item included in the fixed manufacturing overhead is depreciation which is $22,000 per quarter.
Required:
Prepare Faier Corporation's manufacturing overhead budget for the upcoming fiscal year.Show both manufacturing overhead expense and cash disbursements for manufacturing overhead.