Joshua Hill, Bates & Hill Fabricators' production manager, has just completed the company's production budget and direct labor budget for the first quarter. Budgeted unit sales + Budgeted ending inventory Total units required - Beginning inventory Budgeted production January 25,000 5,600 30.600 3,200 27,400 February 28,000 6,400 34.400 5,600 28,800 March 32,000 6,800 38,800 6,400 32,400 Quarter 85,000 6,800 91,800 3,200 88,600 Budgeted production Standard DLH per unit Total DLH required Standard wage rate Budgeted DL cost January 27,400 0.20 5,480 $18 $98,640 February 28,800 0.20 5,760 $18 $103,680 March 32,400 0.20 6,480 $18 $116,640 Quarter 88,600 0.20 17,720 $18 $318,960 He has identified the following monthly expenses that will be needed to support the company's manufacturing process. Variable Overhead per DLH Depreciation Indirect materials Indirect labor Utilities Property taxes Maintenance Fixed Overhead per month $30,000 18,600 22.000 18,000 4,300 6,000 $1.2 $0.2 $0.15 $0.2 The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.25 per direct labor hour for fixed manufacturing overhead and $1.75 per direct labor hour for variable manufacturing overhead. Prepare Bates & Hill's manufacturing overhead budget for the first quarter. (Round per unit answers to 2 decimal places, eg. 52.75 and all other answers to decimal places, e.g. 5,275.) January February March