at the beginning of the period, the assembly department budgeted direct labor of 112,00

Flexible Budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $112,000 and property tax of $12,000 for 7,000 hours of production. The department actually completed 7,500 hours of production Determine the budget for the department, assuming that it uses flexible budgeting. Remember that a fiexible budge is constructed by first identifying the relevant activity levers, secondly identitying the fxed and varable cost components of the costs being budgeted, and thern preparing the budget for each actvity level Leaming Objective 2