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Manufacturing Overhead Budget. Specialty Products, Inc., produces fire retardant tarps. The company expects to produce 8,320 units in the first quarter, 13,260 units in the second quarter, 15,080 units in the third quarter, and 11,260 units in the fourth quarter (this information is the same as in the previous exercise). The following information relates to the manufacturing overhead budget. Variable Overhead Costs Indirect materials $0.20 per unit Indirect labor $4.20 per unit Other $2.70 per unit Fixed Overhead Costs per Quarter Salaries $100,000 Rent $ 30,000 Depreciation $ 44,908 Required: Prepare a manufacturing overhead budget for Specialty Products, Inc., using a format similar to Figure 9.7. B C D E F G H L M N 0 F F S Specialty Products, Inc. Manufacturing Overhead Budget Year Ending December 31 Quarter 1 2 Year Year data is: Incorrect 8.320 $ 9,584 per unit) per unit) ) $ 1,664 34,944 22,464 $ 59,072 Correct Incorrect Incorrect Incorrect Units to be produced Variable overhead costs: Indirect materials ( $ 0.20 per unit) Indirect labor ( $ Other (S Total variable overhead costs Fixed overhead costs: Salaries Rent Depreciation Total fixed overhead costs Total overhead costs Deduct depreciation Cash payments for overhead Manufacturing overhead per unit $ 400,000 $100,000 30,000 44.908 $174.908 $233,980 ( 44,908) $189,072 Correct Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Correct Incorrect Incorrect Incorrect

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