08 Feb Tulum Inc. makes a Mexican chocolate mix. Budgeted
Tulum Inc. makes a Mexican chocolate mix. Budgeted direct labor hours for the first 3 months of the coming year are: January9,880 February8,800 March.12,200 The variable overhead rate is $0.50 per direct labor hour. Fixed overhead is budgeted at $3,140 per month. Required: Prepare an overhead budget for the months of January, February, and March, as well as the total for the first quarter.