Joshua Hill, Concord & 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 21,000 8,700 29,700 2,400 27,300 February 29,000 9,600 38,600 8,700 29,900 March 32,000 9,900 41,900 9,600 32,300 Quarter 82.000 9,900 91,900 2,400 89,500 Budgeted production Standard DLH per unit Total DLH required Standard wage rate Budgeted DL cost January 27,300 0.30 8,190 $20 $ 163,800 February 29,900 0.30 8,970 $20 $179,400 March 32,300 0.30 9,690 $20 $193,800 Quarter 89,500 0.30 26,850 $20 $537,000 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 18,300 21,000 18,000 4,300 4,000 $1.20 $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 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 O decimal places, e.g. 5,275.) January February March DLH worked 8,190 8,970 9,690 VOH per DLH A 1.75 $ 1.75 $ 1.75 Budgeted VOHA 14,332.50 15,697.50 16,957.50 Budgeted FOH Total Cash MOH cost Noncash MOH items Depreciation 4 Total Cash MOH cost March Quarter 9,690 26,850 $ 1.75 $ 1.75 16,957.50 46,987.5 $