Preparing an Overhead Budget Selva Inc. makes keyboards for tablets. Budgeted direct labour hours for the first three months of the coming year are: January 15,200 February 16,350 March 17,100 The variable overhead rate is $0.60 per direct labour hour. Fixed overhead is budgeted at $2,630 per month. Required: Prepare an overhead budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer. Round Total variable overhead and total overhead to the nearest dollar. Selva Inc. Overhead Budget For the Coming First Quarter January February 15,200 X 16,350 X March Total Overhead: Total direct labour hrs Variable overhead rate $ 17,100 X 48,650 X 0.60 $ 0.60 $ 0.60 $ 0.60 Total variable overhead 9,120 X $ 9,810 X $ 10,260 $ 29,190 X Add: Fixed overhead 2,630 2,630 2,630 $ 2,630 X Total overhead 11,750 $ 12,440 X $ 12,890 31,820