Preparing an Overhead Budget 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 $2,550 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: Total direct labor hrs Variable overhead rate $ Total variable overhead Add: Fixed overhead Total overhead January February March Total Previous Next Check My Work 3 more Check My Work uses remaining.