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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
Preparing an Overhead Budget
Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first months of the coming year are:
The variable overhead rate is $ per direct labor hour. Fixed overhead is budgeted at $ 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
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