Concord 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 Labor Hour $0.43 Variable costs Indirect labor Indirect materials Factory utilities Factory repairs Annual Fixed Costs Supervision $41,040 Depreciation 16,080 0.51 0.30 Insurance 13,800 0.20 Rent 29,520 The master overhead budget was prepared in the expectation that 478,700 direct labor hours will be worked during the year. In June 38,800 direct labor hours were worked. At that level of activity, actual costs were as shown below. Variable-per direct labor hour indirect labor $0,47 indirect materials $0.49, factory utilities $0.32 and factory repairs 50.25 Fixed: same as budgeted, (a) & (b) Your answer is partially correct (a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2022, assuming production levels range from 39,600 to 53,700 direct labor hours. Use increments of 4.700 direct labor hours. (List variable costs before fixed costs.) CONCORD COMPANY Monthly Manufacturing Overhead Flexible Budget Ironing Department NUMER COMPARE Mony Martin www w 1 1 . 1 (a) prepares budget report for one comparing actual resuwn budget de based on the file budget. (the variabile contain ZEHER COMPANY Ironing Department Manufacturing Overhead alle Budget Report For the Month Ended June 10, 2017 Durerende Favorite Uwe Neither Favorable Actual Costs norfavore 1 1 1 + 1 3 3 1 1 3 + 1 . 1 2.1