Joshua Hill, Vaughn & Hill Fabricators' production manager, has just completed the company's production budget and direct labor He has identified the following monthly expenses that will be needed to support the company's manufacturing process. budget for the first quarter. Fixed Overhead Variable Overhead January February March Quarter per month per DLH Budgeted unit sales 20,000 28,000 32,000 80,000 Depreciation $ 35,000 + Budgeted ending inventory 8,400 9.600 9.900 9.900 Indirect materials 18,100 $ 1.20 Total units required 28,400 37,600 41,900 89,900 - Beginning inventory 2,200 8.400 9.600 2,200 Indirect labor 31,000 $ 0.20 Budgeted production 26,200 29,200 32,300 87,700 Utilities 19,000 $ 0.15 Property taxes 4,300 January February March Quarter Maintenance 5,000 $ 0.20 Budgeted production 26,200 29,200 32,300 87,700 Standard DLH per unit 0.30 0.30 0.30 0.30 The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $ 13.50 per direct Total DLH required 7,860 8,760 9,690 26,310 labor hour for fixed manufacturing overhead and $ 1.75 per direct labor hour for variable manufacturing overhead. Standard wage rate $ 17 $ 17 $ 17 $ 17 Prepare Vaughn & Hill's manufacturing overhead budget for the first quarter. (Round per unit answers to 2 decimal places, e.g. 52.75 and Budgeted DL cost $ 133,620 $ 148,920 $ 164,730 $ 447,270 all other answers to O decimal places, e.g. 5,275.)