Preparing an Overhead Budget Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first 3 months of the coming year are: January 13,140 February 12,300 March 15,075 The variable...

Preparing an Overhead Budget

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.






Overhead:January
February
March
TotalTotal direct labor hrsfill in the blank 1fill in the blank 2fill in the blank 3fill in the blank 4Variable overhead rate$fill in the blank 5$fill in the blank 6$fill in the blank 7$fill in the blank 8Total variable overhead$fill in the blank 9$fill in the blank 10$fill in the blank 11$fill in the blank 12Add: Fixed overheadfill in the blank 13fill in the blank 14fill in the blank 15fill in the blank 16Total overhead$fill in the blank 17$fill in the blank 18$fill in the blank 19$fill in the blank 20