Variable manufacturing overhead is $20 per direct labor hour. Fixed manufacturing overhead is $50,000 per month. This includes $20,000 of depreciation. Prepare a Manufacturing Overhead expense and cash budgets. Variable selling and administrative expenses are $0.50 per unit sold. Fixed selling and administrative expenses are $80,000 per month and include $15,000 in depreciation. Prepare a Selling & Administrative Expense and cash budgets. Prepare a cash collection schedule for June, July, and August. Viking's cash sales are insignificant. They collect 40% of their sales in the month of sale, 30% in the month after, 10% two months after, and then the remainder is written off. The Viking Company is preparing budgets for the second quarter ending June 30. Last year's sales for the corresponding period were: March April May June July August 15,000 units 18,000 units 28,000 units 26,000 units 19,000 units 12,000 units