Q.No.3 Marks : 03 The following information has been by New Inc. in preparing its budget for November and December 2020. January (in Millions) February (in Millions) Units to be sold 180 220 Units to be produced 240 200 Direct Labor hours 480 400 Insurance of factory 400 400 Salaries : selling 260 260 Depreciation ( factory building) 200 200 Light and heat (factory) 680 600 Advertising 300 300 Indirect Factory Labor 760 660 Factory Supplies 600 500 Direct material consumption 1200 1000 Lubricants for factory machine 360 300 Calculate the following: 1. Variable FOH Rate 2. Total Variable FOH 3. Total Fixed FOH