At the beginning of the period, the Molding Department budgeted direct labor of $135,000, direct material of $165,000 and fixed factory overhead of $12,000 for 7,500 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Multiple Choice $416,000 $412,000 $357000 $367,000