Sales Budget Production Budget Direct Mtls Direct Lbr Factory OH Selling Exp Admin Exp Budget Budget Budget Budget Budget Cost of Income Goods Sold Statement Requirement Prepare the Factory Overhead Budget for Fusina Inc.. The product's manufacturing cost is $203 per unit, including per unit costs of $78 for materials (6 lbs. at $13 per lb.), $88 for direct labor (4 hours x $22 direct labor rate per hour), $25 for variable overhead, and $12 for fixed overhead. Annual fixed overhead consists, incurred evenly throughout the year, consist of depreciation on production equipment, $30,200; factory utilities, $37,700, and other factory overhead of $7,568. Fusina Inc. Factory Overhead Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total Budgeted production (units) 1,320 1,406 1,520 1,952 6,198 Variable factory overhead rate S 25.00 $ 25.00 $ 25.00 $ 25.00 $ Budgeted variable overhead $ 33,000 $ 35,150 $ 38,000 $ 48.800 $ 25.00 154,950 Budgeted fixed overhead 12,578 12,578 12,578 12,578 50,312 Budgeted total overhead $ 45,578 $ 47,728 $ 50,578 $ 61,378 $ 205,262 Show less Sales Budget Production Budget Direct Mtls Budget Direct Lbr Factory OH Selling Exp Admin Exp Budget Budget Budget Requirement Prepare the selling expense budget for the Fusina Inc.. Budget Cost of Income Goods Sold Statement Sales representatives' commissions are 14% of sales and are paid in the quarter of the sales. The sales manager's quarterly salary will be $85,000 in the first three quarters of the year, and $90,000 in the final quarter. Total budgeted sales (dollars) Fusina Inc. Selling Expense Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total F 889,200 $ 592,800 $ 790,400 $ 836,000 $3,108,400 Sales commissions% 14% Sales commissions $ 124,448 $ 14% 82,992 $ Sales manager's salary 85,000 85,000 Total budgeted selling expenses $ 209,448 $ 167,992 $ 14% 110,656 $ 85,000 195,656 $ 14% 117,040 $ 14% 435,136 90,000 345,000 207,040 $ 780,136