The production budget for Ventura Company shows the company expects to produce 3,000 units in the first quarter and 3,200 units in the second quarter.Each unit requires 30 pounds of direct materials at a cost of $5 per pound.The company prefers to maintain raw materials inventory equal to 25 percent of next quarter's materials needed in production.Each unit of product requires four direct labor hours at a cost of $20 per hour.Variable overhead cost per unit is $5 for indirect materials,$8 for indirect labor,and $12 for other items.Fixed overhead cost per quarter is $90,000 for salaries,$50,000 for rent,and $10,000 for depreciation.
Prepare a manufacturing overhead budget for the first quarter.

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The Answer of The production budget for Ventura Company shows the company expects to produce 3,000 units in the first quarter and 3,200 units in the second quarter.Each unit requires 30 pounds of direct materials at a cost of $5 per pound.The company prefers to maintain raw materials inventory equal to 25 percent of next quarter's materials needed in production.Each unit of product requires four direct labor hours at a cost of $20 per hour.Variable overhead cost per unit is $5 for indirect materials,$8 for indirect labor,and $12 for other items.Fixed overhead cost per quarter is $90,000 for salaries,$50,000 for rent,and $10,000 for depreciation.
Prepare a manufacturing overhead budget for the first quarter.

The Production Budget for Ventura Company Shows the Company Expects