27. Answer both parts of the question Part A Venne Plc. provides printing services to the customers in its nearby area. Each month, 20,000 machine hours were budgeted in the Printing Department. At this level of activity, manufacturing overhead costs were budgeted as follows:- Variable manufacturing overheads Indirect materials Indirect labour Repairs Utilities 60,000 76,000 10,000 20,000 Fixed manufacturing overheads Supervisory salaries Depreciation Total manufacturing overheads 48,000 24,000 238,000 In the month of April, 24,000 machine hours were worked and the costs incurred were as follows:- Indirect materials Indirect labour Repairs Utilities Total variable costs 73,800 89,000 17,200 22,000 202,000 Fixed manufacturing overheads Supervisory salaries Depreciation Total costs 48,000 24,000 274,000 Required: Prepare a performance report that would be useful for evaluating the performance of the Printing Department for the month of April. [10 marks]