The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Number of Units Per Unit Total
Apr. 3 Inventory 78 $450 $35,100
8 Purchase 156 540 84,240
11 Sale 104 1,500 156,000
30 Sale 65 1,500 97,500
May 8 Purchase 130 600 78,000
10 Sale 78 1,500 117,000
19 Sale 39 1,500 58,500
28 Purchase 130 660 85,800
June 5 Sale 78 1,575 122,850
16 Sale 104 1,575 163,800
21 Purchase 234 720 168,480
28 Sale 117 1,575 184,275

Required:
Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory

The direct labor budget of yuvwell corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st quarter 2nd quarter 3rd quarter 4th quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.required: 1. prepare the company’s manufacturing overhead budget for the upcoming fiscal year.2. compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.