ebook Show Me How Static budget versus xble Budget The production supervisor of the Machining Department for Niland Company agreed to the following monthly static budget for the upcoming wear Niland Company Machining Department Monthly Production Budget Wages $687,000 Utilities 49,000 Depreciation 82,000 Total 5818,000 The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: Amount Spent Units Produced January 5772,000 90,000 February 739,000 82,000 March 707,000 74,000 The Machining Department supervisor has been very pleased with this performance because actual expenditures for January-March have been significantly less than the monthly static budget of 818,000. However, the plant manager believes that the budget should not remain fixed for every month but should "ex" or adjust to the volume of work that is produced in the Machining Department. Additional budget information for the Machining Department is as follows: Wages per hour $14 Utility cost per direct labor hour 51 Direct labor hours per unit 0.5 Planned monthly unit production 98,000 a. Prepare a flexible budget for the actual units produced for January, February, and March in the Machining Department. Assume depreciation is a fixed cost. If required, use per unit amounts carried out to two decimal places