Joshua Hill, Bonita & Hill Fabricators' production manager, has just completed the company's production budget and direct labor budget for the first quarter. January February March Quarter Budgeted unit sales 22,000 30.000 32.000 84,000 + Budgeted ending inventory 6,000 6,400 6,600 6,600 Total units required 28,000 36.400 38.600 90,600 - Beginning inventory 2,600 6,000 6.400 2,600 Budgeted production 25.400 30.400 32.200 88.000 Budgeted production Standard DLH per unit Total DLH required Standard wage rate Budgeted DL cost January 25,400 0.20 5,080 $20 $101.600 February 30,400 0.20 6,080 $20 $121,600 March 32,200 0.20 6,440 $20 $128,800 Quarter 88,000 0.20 17.600 $20 $352,000 He has identified the following monthly expenses that will be needed to support the company's manufacturing process. Variable Overhead per DLH $1.20 Depreciation Indirect materials Indirect labor Utilities Property taxes Maintenance Fixed Overhead per month $31.000 18.500 22,000 18.000 4.300 6.000 $0.20 $0.15 $0.20 The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.50 per direct labor hour for fixed manufacturing overhead and $1.75 per direct labor hour for variable manufacturing overhead. Prepare Bonita & Hill's manufacturing overhead budget for the first quarter. (Round per unit answers to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) January February $ March Quarter $ 5 s