Joshua Hill, Bates & Hill Fabricators' production manager, has just completed the company's production budget for the first quarter. He has identified the following monthly expenses that will be needed to support the company's manufacturing process. The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $10 per direct labor hour for fixed manufacturing overhead and $0.61 per direct labor hour for variable manufacturing overhead. Prepare Bates & Hill's manufacturing overhead budget for the first quarter