Hockey Pro budgets 400 hours of direct labor during May The company applies variable overhead at the rate of $19 per direct labor hour Budgeted fixed overhead equals $41000 per month Prepare a factory overhead budget for May HOCKEY PRO Factory Overhead Budget Direct labor hours needed Variable overhead tate per direct labor hour Budgeted variable overhead Budgeted foed overhead Budgeted total factory overhead May 400 $7,600 $41.000 48.600 589 000