Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first 3 months of the coming year are:
The variable overhead rate is $0.70 per direct labor hour. Fixed overhead is budgeted at $2,910 per month.
Required:
Prepare an overhead budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer. Round total variable overhead and total overhead to the nearest dollar.
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