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 $0.60 per direct labor hour. Fixed overhead is budgeted at $2,680 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	fill in the blank 1	fill in the blank 2	fill in the blank 3	fill in the blank 4
Variable overhead rate	$fill in the blank 5	$fill in the blank 6	$fill in the blank 7	$fill in the blank 8
Total variable overhead	$fill in the blank 9	$fill in the blank 10	$fill in the blank 11	$fill in the blank 12
Add: Fixed overhead	fill in the blank 13	fill in the blank 14	fill in the blank 15	fill in the blank 16
Total overhead	$fill in the blank 17	$fill in the blank 18	$fill in the blank 19	$fill in the blank 20