24

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 overhead rate is $0.60 per direct labor hour. Fixed overhead is budgeted at $2,730 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 dolar Patrick Inc. Overhead Budget For the Coming First Quarter Overhead: January February March Total Total direct labore Variable overhead rate Total variable overhead Add: Fixed overhead Total overhead