$"1.$  Thunder Creek Company prepares its Manufacturing Overhead Budget. For each direct labor hour, the variable overhead costs are: Indirect Materials $=$ $$1\mathrm{.}00$ per DLH; Indirect Labor Cost $=$ $$1\mathrm{.}30$ per DLH; Maintenance $=$ $$1\mathrm{.}20$ per DLH$"$ $2.$  The Fixed Overhead Costs per month are: Salaries of $$40,000,$ Depreciation $=$$$20,000$ and Maintenance $=$ $$10,000.$ $3.$  ROUND the predetermined overhead allocation rate to two decimal places. Manufacturing overhead is allocated using direct labor hours. $2018$ Budget #$5$: Manufacturing Overhead Budget Jan Feb Mar Q$1$ TotalBudgeted units to be produced $19,20025,20030,80075,200$ VOH cost per unit $3\mathrm{.}503\mathrm{.}503\mathrm{.}503\mathrm{.}50$ Budgeted VOH $$33,600$  $$44,100$  $$53,900$  $$131,600$ Budgeted FOHDepreciation $20,00020,00020,00060,000$ Salaries and maintenance $50,00050,00050,000150,000$ Total budgeted FOH $70,00070,00070,000210,000$ Budgeted manufacturing overhead costs $$103,600$  $$114,100$  $$123,900$  $$341,600$ Direct labor hours $($DLHr$)9,60012,60015,40037,600$ Predetermined overhead allocation rate per DLHr $$9\mathrm{.}09$ Thunder Creek Company uses the first$-$in$,$ first$-$out $($FIFO$)$ inventory costing method.The Beginning Finished Goods Inventory is $$86,400$ consisting of $3,600$ units.$1.$  Begin by calculating the projected cost to produce each unit in $2018$ based on projected sales.$2.$  ROUND the fixed manufacturing overhead cost per unit to two decimal places. Cost per unitDirect material cost per unit $$8\mathrm{.}41$ Direct labor cost per unit $10\mathrm{.}00$ Manufacturing overhead cost per unit $9\mathrm{.}09$ Total projected manufacturing cost per unit $$27\mathrm{.}49$  $2018$ Budget #$6$: Cost of Goods Sold Budget Jan Feb Mar Q$1$ TotalBeginning Finished Goods Inventory, $3,600$ units. $$86,400\mathrm{.}00$  $$86,400\mathrm{.}00$ Units produced and sold in $2018$ Cost per unit $27\mathrm{.}4927\mathrm{.}4927\mathrm{.}49$ Units per monthTotal cost of units produced and sold in $2018$ Total budgeted cost of goods soldThunder Creek Company's variable supplies expense per month is $$3\mathrm{.}00$ per unit. The fixed selling and administrative expenses per month consist of Salaries: $$245,000$; Advertising: $$30,000$; and Depreciation: $$28,000$  $2018$ Budget #$7$: Selling and Administrative Expense Budget Jan Feb Mar Q$1$ TotalSalaries expenseAdvertising expenseDepreciation expenseSupplies expenseTotal budgeted S&A expense

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