Newberry, inc., whose reporting currency is the u. s. dollar ($), has a subsidiary in argentina, whose functional currency also is the $. the subsidiary acquires inventory on credit on november 1, 2017, for 250,000 pesos that is sold on january 17, 2018, for 288,000 pesos. the subsidiary pays for the inventory on january 31, 2018. currency exchange rates are as follows: november 1, 2017 $ 0.32 = 1 peso december 31, 2017 0.33 = 1 january 17, 2018 0.34 = 1 january 31, 2018 0.35 = 1 problem 10-8 (lo 10-2, 10-3) what amount does newberry’s consolidated balance sheet report for this inventory at december 31, 2017?

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.