Push Company owns 60% of Shove Company's outstanding common stock. Intra-entity sales are as follows in Year 20X1: Inventory Costs $70,000 Inter-company Purchase Price $100,000 Ending Inventory $20,000 Assume Push sold the inventory to Shove. Using the fully adjusted equity method, what amount would be recorded by Push to defer the unrealized gross profit on inventory sales to Shove in 20X1

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.