The controller has informed us that in addition to the cash disbursements necessary to support normal operating expenses, the production department is in need of a new CD press. The Board of Directors has given approval for the purchase of the new press at the end of June. Also, the Board declares dividends of $15,000 in the first month of each quarter to be paid in the second month of that quarter. Depreciation expense for factory related assets totals $25,000 a month, and $8,000 a month for selling and administrative assets.

COST FORMULA FOR MANUFACTURING OVERHEAD COSTS	90,000	PER MONTH	+	2.10	PER CASE PRODUCED
COST FORMULA FOR SELLING & ADMINISTRATIVE EXPENSES	70,000	PER MONTH	+	0.60	PER CASE SOLD
CASH BALANCE, APRIL 1	40,000
COST OF NEW CD PRESS	52,000
Total cash needed for direct labor expense	169560 April	144720 May	109620 June	423900 1st Quarter Total

Please fill out whatever you can in the chart below with the given information, thank you.

SCHEDULE 6. MANUFACTURING OVERHEAD BUDGET
				1ST QTR.
	APR	MAY	JUNE	TOTAL
Number of cases of CDs to be produced	16956	14472	10962	42390
Variable overhead rate per case
Budgeted variable manufacturing overhead
Budgeted fixed manufacturing overhead
Total budgeted manufacturing overhead
Non-cash expenses
Total cash needed for manufacturing overhead expense