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Listed below are the budgeted factory overhead costs for 2011 for Muncie Manufacturing, Inc., at a projected level of 2,000 units:
Expenses:
Indirect materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000Indirect labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000Straight-line depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000Factory property tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,000Factory insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,000Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $125,000
Required:
Prepare flexible budgets for factory overhead at the 1,000, 2,000, and 4,000 unit levels.
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