Porta light manufactures a high-quality LED flashlight for home/office use. data pertaining to the company's 2010 operations are as follows:
- production for the year 45,000 units
- sales for the yer (sales price per unit, $8) 48,750 units
- beginning 2010 inventory 8,750 units
costs to produce one unit (2009 & 2010):
- direct material $3.60
- direct labor 1.00
- variable overhead 0.60
- fixed overhead 0.40
Selling and administrative costs:
- variable (per unit sold $0.40
- fixed (per year) $150,000
fixd manufacturing overhead is assigned to units of production based on a predtermined OH rate using an expected production capacity of 100,000 units per year.what is budgeted annual fixed manufacturing overhead?