Cross Blade manufactures pocket knifes. The activity base used to allocate overhead is machine Obj. 3 hours. The variable overhead rate is estimated at \(\$ 4\) per machine hour for 2004. The fixed overhead is budgeted at \(\$ 80,000\) per quarter. The budgeted machine hours are as follows:

Prepare a manufacturing overhead budget for 2004 , showing the total budgeted manufacturing overhead by quarter and for the year in total.

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Quarter Machine Hours 1 5.000 234 2 4,000 4,500 4 5,000