Cullumber Co. developed its annual manufacturing overhead budget for its master budget for 2022 as follows: 121,400 Direct Expected annual operating capacity Labor Hours Variable overhead costs Indirect labor $607,000 Indirect materials 121,400 Factory supplies 60,700 Total variable 789,100 Fixed overhead costs Depreciation 252,000 Supervision 132,000 Property taxes 108,000 Total fixed 492,000