Manufacturing Overhead Variable overhead costs are based on labor hours, listed below: Manufacturing Overhead Budget Indirect materials 50c per labor hour For the Year Ending Indirect labor 75e per labor hour Qur1 Qur2 Qtr3 Total . Utilities 65e per labor hour . Maintenance 35e per labor hour Foxed overhead costs are budgeted for the month, listed below: Rent $3,000 per month Salaries $11,000 per month . Depreciation $4,800 per month . Property taxes $ 675 per month Insurance $ 500 per month Selling and Administrative Variable selling and administrative cost are budgeted per sales unit: . Shipping expense $.75 per sales unit . Packaging expense $.50 per sales unit Fixed selling and administrative costs are budgeted for the month, listed below: Advertising $2,000 a month Insurance $700 a month Selling and Administrative Expense Budget For the Year Ending Office Salaries $4,000 a month Otrl Ot Our4 Total . Depreciation $800 a month Other Information . The Cash balance at the end of 2023, is $80,750, and Bloomfield would like to maintain a cash balance of at least $200,000 at the end of each quarter. All Direct Labor, Manufacturing Overhead and Selling & Administrative costs are paid in the quarter incurred. Bloomfield has an open line of credit with the bank, and can borrow in any quarter they don't meet the minimum cash balance of $55,000. Borrowed funds accrue 3% interest for the quarter and are paid in the first quarter cash is available along with interest. Bloomfield collects interest of $3,000 from a note receivable each quarter. Bloomfield plans to purchase a $50,000 equipment in cash in Quarter 3. Bloomfield pays an estimated income tax at $5,000 each quarter