(Answered) Question preparing an overhead budget patrick inc makes

Accounting

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

January 13,140

February 12,300

March 15,075

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.

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