Budgeted factory overhead costs 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 .................................................. $ 10,000 Indirect labor ..................................................... 20,000 Power ............................................................ 15,000 Straight-line depreciation .......................................... 30,000 Factory property tax ............................................... 28,000 Factory insurance ................................................. 22,000 Total ............................................................. $125,000 LO2 LO2 LO3 Required: Prepare exible budgets for factory overhead at the 1,000, 2,000, and 4,000 unit levels. (Hint: You must rst decide which of the listed costs should be considered variable and which should be