Joshua Hill, Concord & 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 25,000 29,000 32,000 86,000 + Budgeted ending inventory 8,700 9,600 10,500 10,500 Total units required 33,700 38,600 42,500 96,500 - Beginning inventory 3,200 8,700 9,600 3,200 Budgeted production 30,500 29,900 32,900 93,300 January February March Quarter Budgeted production 30,500 29,900 32,900 93,300 Standard DLH per unit 0.30 0.30 0.30 0.30 Total DLH required 9,150 8,970 9,870 27,990 Standard wage rate $17 $17 $17 $17 Budgeted DL cost $155,550 $152,490 $167,790 $475,830 He has identified the following monthly expenses that will be needed to support the company's manufacturing process. Fixed Overhead per month Variable Overhead per DLH Depreciation $34,000 Indirect materials 18,200 $1.20 Indirect labor 28,000 $0.20 Utilities 19,000 $0.15 Property taxes 4,300 Maintenance 5,000 $0.20 The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $13.25 per direct labor hour for fixed manufacturing overhead and $1.75 per direct labor hour for variable manufacturing overhead. Prepare Concord & 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 $ $ $