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The Preston Compary is in the process of preparing its manufacturing overhead budget for the upcoming year. Salos are projected to be 49,000 units: information about the various manufacturing overhead costs follows: (Click the icon to view the manufacturing overhead cost information.) Requirement Prepare the manufacturing overhead budget for the Preston Company for the upcoming year. The. Preston Correary is in the process of proparing its manufecturing ovethead budgot for the upcoming yeat. Sales are projected to bo 49,000 units, Information about the various manufacturing overthead cotis folows: (Cick the kon lo view the manufacturing ovethead cont information) Reuirement Prepare the manufacturing owethead butget for the Preston Company foc the upcoming yeas. \begin{tabular}{|c|c|c|} \hline & \begin{tabular}{c} Variable rate \\ per unit \end{tabular} & Total fixed costs \\ \hline Indirect materials............. & 0.80 & \\ \hline Supplies....... & 0.70 & \\ \hline Indirect labor........ & 0.30$ & 62,000 \\ \hline Plant utilities. $ & 0.20$ & 37,000 \\ \hline Repairs and maintenance .$ & 0.40$ & 15,000 \\ \hline Depreciaion on plant and equipment... & $ & 49,000 \\ \hline Insurance on plant and equipment .... & $ & 27,000 \\ \hline Plant supervision............... & $ & 66,000 \\ \hline \end{tabular} Austen Foods produces specialty soup sold in jars. The projocted salos in dollars and jars for each quarter of the upcoming year are as follows: Austen anticipobes seling 226,000 jars with fotal sales rwenue of $265,000 in the firat quarter of the your following the year given in the preceding table. Austen has a policy trut the ending inventory of jars must be 20% of the following quarter's sailes. Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in fotal. Prepare the production budget by fint calculating the total units needed, then calculate the units to produce

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