1.) Rose Company uses a flexible budget for manufacturing overhead based on direct labor hours. The followimg information are from the yearly static overhead budget for the Production Department for 2023. It is based on 300,000 direct labor hours. During July, 24,500 direct labor hours were worked. The company incurred the following variable cosis in July: indirect labor $30,200, supplies and lubricants $11,600, maintenance $17,500, and utilities $9,200, Actual fixed overhead costs were the same as monthly budgeted fixed costs. a.) Prepare a flexible monthly budget for the Production Department for the relevant range between 24,000 and 26,000 DI hours with increments of 1000 DL hours. (17 points) b.) Prepare a flexible budget report for the Production Department for July. (17 points)