Joshua Hill, Concord & Hill Fabricators' production manager, has just completed the company's production budget for the first quarter. March Quarter January 5.080 February 6,080 Budgeted Direct Labor Hours for Production 6,440 17,600 He has identified the following monthly expenses that will be needed to support the company's manufacturing process. Variable Overhead per DLH Fixed Overhead per month $30,000 18.300 Depreciation Indirect materials Indirect labor Utilities Property taxes Maintenance $1.20 $0.20 $0.15 21,000 18,000 4,300 4.000 $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 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.) 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 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 decimal places, e.g. 5,275.) January February March Quar ked DLH $ $ $ $ IVOH I FOH h MOH cost MOH items tion geted MOH $ $ $ $