The Austen Company is in the process of preparing its manufacturing overhead budget for the upcoming year. Sales are projected to be 40,000 units. Information about the various manufacturing overhead costs follows: (Click the icon to view the manufacturing overhead cost information.) Requirement Prepare the manufacturing overhead budget for the Austen Company for the upcoming year. Prepare the manufacturing overhead budget by first calculating the total variable manufacturing overhead, then calculate the total fixed manufacturing overhead and total manufacturing overhead. The Austen Company Manufacturing Overhead Budget For the Upcoming Year Projected Sales (Units) Variable manufacturing overhead costs: Indirect materials Supplies Indirect labor Plant utilities Repairs and maintenance Total variable manufacturing overhead 40000 Data table Variable rate per unit Total fixed costs Indirect materials.. Supplies. 1.30 0.60 Indirect labor.. 0.30 $ 66,000 Plant utilities... 0.20 $ 31,000 Repairs and maintenance...... 0.40 $ 17,000 Depreciation on plant and equipment.. 43,000 Insurance on plant and equipment .... 24,000 Plant supervision.... 61,000 Print Done