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Archegos Limited expects sales of its financial software to be $213,000 in the first quarter and $260,000 in the second quarter. Its variable overhead is

Archegos Limited expects sales of its financial software to be $213,000 in the first quarter and $260,000 in the second quarter. Its variable overhead is approximately 16 percent of sales, and fixed overhead costs are $44,000 per quarter. Compute Archegoss manufacturing overhead budget for the first two quarters.

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