Direct labor: Time is 3.00 hours per unit. Variable overhead costs per direct labor hour: indirect materials $1.60; indirect labor $2.40; and maintenance $1.00. Fixed overhead costs per quarter: supervisory salaries $36,300; depreciation $13,200; and maintenance $10,560. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable expenses before fixed expense.) Quarter 1 2 3 Manufacturing overhead rate per direct labor hour Quarter 2 3 4 Year $ $ $ Sheridan Company is preparing its manufacturing overhead budget for 2025 . Relevant data consist of the following. Units to be produced (by quarters): 8,800, 10,560, 12,320, 14,080. Direct labor: Time is 3.00 hours per unit. Variable overhead costs per direct labor hour: indirect materials \$1.60; indirect labor $2.40; and maintenance \$1.00. Fixed overhead costs per quarter: supervisory salaries $36,300; depreciation $13,200; and maintenance $10,560. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. variable expenses before fixed expense.) SHERIDAN COMPANY Manufacturing Overhead Budget Quarter 1 Beginning Direct Materials Variable Costs Total Variable Costs Direct Materials Purchases Direct Materials Per Unit Maintenance Desired Ending Materials Indirect Labor Indirect Materials Total Pounds Needed for Production Fixed Costs Supervisory Salaries Units to be Produced Depreciation Total Manufacturing Overhead Total Materials Required Total Fixed Costs 1 2