a. Prepare a flexible budget for the actual units produced for May, June, and July in the Machining Department. Assume depreciation is a fixed cost. If required, use per unit amounts carried out to two decimal places. Hagerstown Company Machining Department Budget For the Three Months Ending July 31 Units of production Total Supporting calculations: Units of production Hours per unit Total hours of production Wages per hour Total wages Total hours of production Utility costs per hour Total utilities x May 88,000 June July 80,000 72,000 88,000 80,000 72,000 b. Compare the flexible budget with the actual expenditures for the first three months. Total flexible budget May June July