Atlanta Co. has the following production standards for factory overhead costs: Variable Overhead 1.5 machine hours per unit @ $2.50 per machine hour Fixed Overhead $62,400 per quarter Atlanta has developed the following production budget for 2020: Production Budget Quarter 1 Quarter 2 Quarter 3 Units to be Produced 10,000 12,000 14,000 Quarter 4 16,000 Instructions (a) Prepare the manufacturing overhead budget for 2020 by quarters. (b) What is the pre-determined FOH rate based on machine hours? 5c How much fixed overhead will be applied in the first quarter? (a Factory Overhead Cost Budget Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Variable Overhead: Fixed Overhead: Total Overhead Cost (b Pre determined fixed overhead rate: (c Fixed overhead to be applied in Ouarter 1