Preparing an Overhead Budget Patrick Inc makes industrial solvents, Budgeted direct labor hours for the first 3 months of the coming year are: January 13,140 February 12,300 March 15,075 The variable overhead rate is $0.70 per direct labor hour. Fixed overhead is budgeted at $2,840 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 Variable overhead rate Total variable overhead Add: Fixed overhead Total overhead