Alcore Company estimates that 240,000 direct labour hours will be worked in the assembly department during 2020. Based on that, the following budgeted manufacturing overhead data are calculated: Fixed Overhead Costs Variable Overhead Costs Supervision $72,000 Indirect labour $75,000 Depreciation 30,000 Indirect materials 48,000 Insurance 12,000 Repairs 36,000 Rent 8,000 Utilities 26,400 Property taxes 6,000 Lubricants 9,600 $128,000 $195,000 i It is estimated that the direct labour hours worked each month will range from 18,000 to 24,000 hours During January, 20,000 direct labour hours were worked and the following overhead costs were incurred. Fixed Overhead Costs Variable Overhead Costs Supervision $6,000 Indirect labour $6,300 Depreciation 2,500 Indirect materials 3,700 Insurance 1,000 Repairs 2,700 Rent 850 Utilities 1,900 Property taxes 500 Lubricants 830 $10,850 $15,430 Instructions: (a) Prepare a monthly flexible manufacturing overhead budget for each increment of 2,000 direct labour hours over the relevant range for the year ending December 31, 2020. (b) Prepare a manufacturing overhead budget report for January ALCORE COMPANY Manufacturing Overhead Budget Report (Flex For the Month Ending January 31, 2020 Direct labour hours Budget at 20,000 DLH Actual Costs 20,000 DLH Differer () Comment on management's efficiency in controlling manufacturing overhead costs in January