Patrick In c. makes industrial solvents. Budgeted direct labor hours for the first three 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 $ 2,750 per month.
Required:
Prepare an overhead budget for the months of January, February, and March, as well as the total for the first quarter.