Electric Company estimates that 360,000 direct labor hours will be worked during 2019 in the Fixing Department. On this basis, the following budgeted manufacturing overhead data are computed. Direct labor hours worked each month are estimated to range from 18,000 to 24,000 hours. During January, 20,000 direct labor hours were worked and the following overhead costs were incurred. Instructions: a) Prepare a monthly flexible manufacturing overhead budget for each increment of 2,0o0 direct labor hours over the relevant range for the year ending December 31, 2019. b) Prepare a manufacturing overhead budget report for January 31,2020 , if the direct labor hours required is 20,000 . c) Comment on management's efficiency in controlling manufacturing overhead costs in January