31. Flexible budgeting-manufacturing costs. As a result of studying past cost behavior and adjusting for expected price increases in the future, Nicholson Company estimates that its manufacturing costs will be as follows: Direct Materials $10.00 per Unit Direct Labor $6.00 per Unit Manufacturing Overhead: Variable $3.00 per Unit Fixed $100,000 per Period Nicholson uses these estimates for planning and control purposes. a. Nicholson expects to produce 20,000 units during the next period. Prepare a schedule of the expected manufacturing costs. b. Suppose that Nicholson produces only 1 6,000 units during the next period. Prepare a flexible budget of manufacturing costs for the 1 6,000-unit level of activity. c. Suppose that Nicholson produces 25,000 units during the next period. Prepare a flexible budget of manufacturing costs for the 25,000-unit level of activity