Preparing an Overhead Budget

Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first $3$ months of the coming year are:

The variable overhead rate is $$0\mathrm{.}60$ per direct labor hour. Fixed overhead is budgeted at $$2,820$ 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