On may 1, 2015, pinkley company sells office furniture for $300,000 cash. the office furniture originally cost $750,000 when purchased on january 1, 2008. depreciation is recorded by the straight-line method over 10 years with a salvage value of $75,000. what depreciation expense should be recorded on this asset in 2015? a. $22,500.
b. $90,000.
c. $45,000.
d. $47,500.

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.