Concord Company is preparing its manufacturing overhead budget for 2017. Relevant data consist of the following. Units to be produced (by quarters): 10,800, 12,400, 14,900, 16,200. Direct labor: Time is 1.6 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.90; indirect labor $1.30; and maintenance $0.50. Fixed overhead costs per quarter: supervisory salaries $37,500; depreciation $18,390; and maintenance $13,960. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable costs before fixed costs.) CONCORD COMPANY Manufacturing Overhead Budget For the Year Ending December 31, 2017 Quarter 2 Year Variable Costs Indirect Materials Indirect Labor Maintenance Total Variable Fixed Costs Supervisory Salaries Depreciation Maintenance Total Fixed 69850 69850 69850 69850 279400 Total Manufacturing Overhead Direct labor hours 17280 19840 23840 25920 86880 Manufacturing overhead rate per direct labor hour 5.92