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 2020. 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.

Variable costs		Rate per Direct Labor Hour		Annual Fixed Costs
Indirect labor		$0.40		Supervision		$43,680
Indirect materials		0.51		Depreciation		17,160
Factory utilities		0.34		Insurance		12,480
Factory repairs		0.24		Rent		23,040

The master overhead budget was prepared on the expectation that 484,200 direct labor hours will be worked during the year. In June, 38,600 direct labor hours were worked. At that level of activity, actual costs were as shown below. Variableper direct labor hour: indirect labor $0.43, indirect materials $0.50, factory utilities $0.38, and factory repairs $0.29. Fixed: same as budgeted.

(a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2020, assuming production levels range from 42,400 to 57,400 direct labor hours. Use increments of 5,000 direct labor hours. (List variable costs before fixed costs.)

CONCORD COMPANY Monthly Manufacturing Overhead Flexible Budget Ironing Department For the Year 2020
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs		$		$		$		$
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs
Activity LevelDepreciationDirect LaborDirect Labor HoursDirect MaterialsFactory RepairsFactory UtilitiesFixed CostsIndirect LaborIndirect MaterialsInsuranceRentSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable Costs		$		$		$		$

(b) Prepare a budget report for June comparing actual results with budget data based on the flexible budget. (List variable costs before fixed costs.) CONCORD COMPANY Ironing Department Manufacturing Overhead flexible Budget Report For the Month Ended June 30, 2020 Budget Actual Costs Direct Labor Hours 38600 38600 Variable Costs Indirect Materials $ $ Factory Utlitles Factory Repairs Indirect Labor Total variable Costs Fixed Costs Rent Supervision Depreciation 10/000 fumma. Insurance Total Fixed Costs Total Costs $