Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first 3 months of the coming year are: January February March 13,140 12,300 15,075 The variable overhead rate is $0.80 per direct labor hour. Fixed overhead is budgeted at $2,870 per month. Required: Prepare an overhead budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer. Round total variable overhead and total overhead to the nearest dollar. Patrick Inc. Overhead Budget For the Coming First Quarter Overhead: January February March Total Total direct labor hrs 13,140 12,300 15,075 40,515 Variable overhead rate 0.80 0.80 0.8 3.2 X Total variable overhead 10,512 9,840 12,060 32,412 Add: Fixed overhead 2,570 X 2,570 X 2,570 X 7,710 X Total overhead 13,082 X 12,410 X 14,630 X 40,122 X Feedback Check My Work Partially correct