7. Prepare a flexible budget for Cedar Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following is additional information necessary to complete the budget: Variable costs: Direct :Labor ($6.00 per unit) Direct Materials ($8.00 per unit) Variable Manufacturing Costs ($2.50 per unit) Fixed costs: Supervisorl s Salaries $80,000 Rent 12,000 Depreciation On Equipment 24,000