The Hoffman 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: E: (Click the icon to view the manufacturing overhead cost information.) Requirement Prepare the manufacturing overhead budget for the Hoffman Company for the upcoming year. 1 Data table Projected Sales (Units) Variable manufacturing overhead costs: Indirect materials Supplies Indirect labor Variable rate per unit Total fixed costs Indirect materials. $ 0.90 Plant utilities $ 0.70 Supplies Indirect labor $ 0.50 $ 68,000 Plant utilities. $ 0.20 $ 35,000 0.60 $ 16,000 $ 43,000 Repairs and maintenance Total variable manufacturing overhead Fixed manufacturing overhead costs: Indirect labor Plant utilities Repairs and maintenance Depreciation on plant and equipment Insurance on plant and equipment Repairs and maintenance. $ Depreciation on plant and equipment.. Insurance on plant and equipment .... Plant supervision $ 22,000 $ 60,000 Plant supervision Print Done Total fixed manufacturing overhead Total manufacturing overhead