Asper Company has recently introduced budgeting as an integral part of its corporate planning process. An inexperienced member of the accounting staff was given the assignment of constructing a flexible budget for manufacturing overhead costs and prepared it in the format that follows: Percentage of Capacity Hachine-hours 10% 51,200 100% 64,000 Utilities Supplies Indirect Labour Maintenance Supervision 10,240 15,360 42,600 $57,200 12.000 19,200 49,000 20,000 Total manufacturing overhead cost $ 199,160 $ 162,200 The company assigns manufacturing overhead costs to production on the basis of standard machine-hours. The cost formulas used to prepare the budgeted figures above are relevant over a range of 80% to 100% of capacity in a mooth. The managers who will be working under these budgets have control over both fixed and variable manufacturing overhead costs. Asper Company has recently introduced budgeting as an integral part of its corporate planning process. An inexperienced member of the accounting staff was given the assignment of constructing a flexible budget for manufacturing overhead costs and prepared it in the format that follows: Percentage of Capacity Hachine-hours 10% 51,200 100% 64,000 Utilities Supplies Indirect Labour Maintenance Supervision 10,240 15,360 42,600 $57,200 12.000 19,200 49,000 20,000 Total manufacturing overhead cost $ 199,160 $ 162,200 The company assigns manufacturing overhead costs to production on the basis of standard machine-hours. The cost formulas used to prepare the budgeted figures above are relevant over a range of 80% to 100% of capacity in a mooth. The managers who will be working under these budgets have control over both fixed and variable manufacturing overhead costs