Joshua Hill, Vaughn & Hill Fabricators' production manager, has just completed the company's production budget and direct labor budget for the first quarter. February 30,000 Quarter 84.000 7,200 Budgeted unit sales + Budgeted ending inventory Total units required Beginning inventory Budgeted production January 22,000 6,000 28,000 2,600 25,400 6,400 36,400 6,000 30,400 March 32,000 7,200 39,200 6,400 32.800 91,200 2,600 88,600 Quarter 88,600 0.20 Budgeted production Standard DLH per unit Total DLH required Standard wage rate Budgeted DL cost January 25,400 0.20 5,460 $17 $92,820 February 30,400 0.20 5,980 $17 $101,660 March 32,800 0.20 6,580 $17 $111,860 17,720 $17 $306,340 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 Fixed Overhead per month $32,000 18.200 24,000 18.000 $1.40 $0.20 $0.15 4,300 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 $32,000 18,200 24,000 18,000 4,300 4,000 $1.40 $0.20 $0.15 $0.20 The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.75 per direct labor hour for fixed manufacturing overhead and $1.95 per direct labor hour for variable manufacturing overhead. Prepare Vaughn & 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 $ $ The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.75 per direct labor hour for fixed manufacturing overhead and $1.95 per direct labor hour for variable manufacturing overhead. Prepare Vaughn & 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 $ $ $ $