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 $ $ $ $