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Joshua Hill, Marigold & Hill Fabricators' production manager, has just completed the company's production budget and direct labor budget for the first quarter. January February March Quarter 26,000 28,000 32,000 86,000 8.400 9.600 10,200 10,200 Budgeted unit sales + Budgeted ending inventory Total units required - Beginning inventory Budgeted production 34.400 37,600 42,200 96,200 3,400 8,400 9.600 3,400 31,000 29.200 32,600 92,800 January February March Quarter 31,000 29.200 32,600 92,800 Budgeted production Standard DLH per unit Total DLH required 0.30 0.30 0.30 0.30 9,300 8,760 9,780 27,840 Standard wage rate $ 19 $ 19 $19 $ 19 Budgeted DL cost $ 176,700 $ 166,440 $ 185,820 $ 528,960 He has identified the following monthly expenses that will be needed to support the company's manufacturing process. Variable Overhead per DLH Fixed Overhead per month $ 33,000 18,100 $ 1.20 Depreciation Indirect materials Indirect labor Utilities 27,000 $0.20 18,000 $0.15 Property taxes 4,300 Maintenance 4,000 $0.20 The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $ 13.25 per direct labor hour for fixed manufacturing overhead and $1.75 per direct labor hour for variable manufacturing overhead. Prepare Marigold & Hill's manufacturing overhead budget for the first quarter. (Round per unit answers to 2 decimal places, eg. 52.75 and all other answers to decimal places eg. 5,275.) January February March $ w $ $

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