Savage Ltd. expects variable manufacturing overhead costs to be $18,100 in the first quarter of 2020, with $4,400 increments in each of the remaining three quarters. It estimates fixed overhead costs to be $32,600 in each quarter. Prepare the manufacturing overhead budget by quarters for the year. Variable costs Fixed costs Total $ $ 1 $ 2 SAVAGE LTD. Manufacturing Overhead Budget For the Year Ending December 31, 2020 Quarter $ $ 3 $ 4 Savage Ltd. expects variable manufacturing overhead costs to be $18,100 in the first quarter of 2020, with $4,400 increments in each of the remaining three quarters. It estimates fixed overhead costs to be $32,600 in each quarter. Prepare the manufacturing overhead budget by quarters for the year. 2 SAVAGE LTD. Manufacturing Overhead Budget For the Year Ending December 31, 2020 Quarter $ 3 4 Year $ $ $ $