Overhead Budget Johnston Company cleans and applies powder coat paint to metal items on a job-order basis. Johnston has budgeted the following amounts for various overhead categories in the coming vear. Supplies $216,000 Gas 50,000 Indirect labor 1?6,000 Supervision 73,500 Depreciation on equipment 4?,000 Depreciation on the buliding 40,000 Rental of special equipment 11,000 Electricity [for lighting, heating, and air conditioning) 28,900 Telephone 4,300 Landscaping service 1,200 Other overhead 50,000 In the coming year, Johnston expects to powder coat 120,000 units. Each unit takes 1.3 direct labor hours. Johnston has found that supplies and gas {used to run the drying ovensall units pass through the drving ovens aer powder coat paint is applied} tend to vary with the number of units produced. All other overhead categories BfE considered to be xed. 1. Calculate the number of direct labor hours Johnston must budget for the coming year. Calculate the variable overhead rate. Calculate the total fixed overhead for the coming year. IInll'hen required, round your answers to the nearest cent and use the rounded answers in subsequent requirements. Direct labor hours Variable overhead rate $ per direct labor hour Total fixed overhead 3; M 2. Prepare an overhead budget for Johnston for the coming year. Show the total variable overhead, total fixed overhead. and total overhead. When required, round your answers to the nearest cent. Overhead Budget For the Coming Year ) Johnston Company Budgeted direct labor hours Variable overhead rate Budgeted variable overhead Budgeted fixed overhead \"ammo Total budgeted overhead Calculate the xed overhead rate and the total overhead rate. If required, round your answers to the nearest cent. Fixed overhead rate per direct labor hour Total overhead rate Q per direct labor hour 3. What ifJohnBton had expected to make 118,000 units next year? Assume that the variable overhead per unit does not change and the total xed overhead amounts do not change. Calculate the new budgeted direct labor hours. [:1 Prepare a new overhead budget. If required, round your answers to the nearest cent. Johnston Company New Overhead Budget For the Coming Year Budgeted direct labor hours Variable overhead rate Budgeted variable overhead Budgeted fixed overhead Total budgeted overhead Nomad Calculate the fixed overhead rate and the total overhead rate. If required, round your answers to the nearest cent. Fixed overhead rate per direct labor hour Total overhead rate per direct labor hour