Preparing an Overhead BudgetPatrick Inc. makes industrial solvents. Budgeted direct labor hours for the first three months of the coming year are:January 13,140February 12,300March 15,075The variable overhead rate is $0.70 per direct labor hour. Fixed overhead is budgeted at $2,670 per month. Required:Prepare an overhead budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer. Round total variable overhead and total overhead to the nearest dollar. Patrick Inc. Overhead BudgetFor the Coming First QuarterOverhead: January February March TotalTotal direct labor hrs Variable overhead rate $ $ $ $Total variable overhead $ $ $ $Add: Fixed overhead Total overhead $ $ $ $

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times