Fuqua Company/s sales budget projects unit sales of part 1982 of 10,000 units in January, 12,000 units in February, and 13,000 units in March. Each unit of part 198Z requires 2 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2019. (a) Prepare a production budget for January and February 2020. Atlanta Company is preparing its manufacturing overhead budget for 2020 . Relevant data consist of the following. Units to be produced (by quarters): 10,700,12,400,14,700,16,300. 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 $0.70. Flxed overhead costs per quarter: supervisory salaries $37,280; depreciation $18,330; and maintenance $13,020. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overheod rate to 2 decimal ploces, eg. 1.25 variable expenses before fixed expense.) ATLANTA COMPANY Manufacturing Overhead Budget Quarter 1 2 3 4 Direct labor hours Manufacturing overhead rate per direct labor hour