Ayayal Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2022. The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours. Rate per Direct Variable costs Labor Hour Annual Fixed Costs Indirect labor $0.40 Supervision $47,640 Indirect materials 0.54 Depreciation 19,200 Factory utilities 0.30 Insurance 12.240 Factory repairs 0.20 Rent 27,720 The master overhead budget was prepared in the expectation that 484,800 direct labor hours will be worked during the year. In June, 40,400 direct labor hours were worked. At that level of activity, actual costs were as shown below. Variable-per direct labor hour: indirect labor $0.43, indirect materials $0.52. factory utilities $0.33, and factory repairs $0.24. Fixed: same as budgeted. Question 2 of 2 /50 E (a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2022, assuming production levels range from 42,700 to 60,100 direct labor hours. Use increments of 5,800 direct labor hours List variable costs before fland costs) AYAYAI COMPANY Monthly Manufacturing Overhead Flexible Budget Ironing Department For the Year 2022 Chapter 25 Question 2 of 2 -/13/996-bor1 4723-b4da 854b7912cc0f4/question/1 -/50 1 936 (b) Prepare a budget report for June comparing actual results with budget data based on the flexible budget. (List variable costs before fixed costs) AYAYAI COMPANY Ironing Department Manufacturing Overhead Flexible Budget Report Diff Fav Unfa Neither Budget Actual Costs nor Un AYAYAI COMPANY Ironing Department Manufacturing Overhead Flexible Budget Report Actual Costs Difference Favorable Unfavorable Neither Favorable nor Unfavorable Question 2 of 2 < -/50 E > > > < < > > eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (d) fo