Question: Savage Inc. expects variable manufacturing overhead costs to be $20,000 in the first quarter of 2016, with $4,000 increments in each of the remaining three

Savage Inc. expects variable manufacturing overhead costs to be $20,000 in the first quarter of 2016, with $4,000 increments in each of the remaining three quarters. It estimates fixed overhead costs to be $35,000 in each quarter. Prepare the manufacturing overhead budget by quarters for the year.

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