Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

تمرين 8

Preparing an Overhead Budget
Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first three months of the coming year are:

The variable overhead rate is $0.70 per direct labor hour. Fixed overhead is budgeted at $2,750 per month.
Required:
Prepare an overhead budget for the months of January, February, and March, as well as the total for the first quarter. ( Note : Round all dollar amounts to the nearest dollar