EX 22-4 Flexible budget for Assembly Department Obj. 2- Describe the basic elements of the budget process, the two major types of budgeting, and the use of computers in budgeting. Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: An image shows the letter, X inside a circle and text below the circle reads, Excel. Show Me How e.com/staticb/ui/evo/index.html?elSBN 9781337272261&id=181267468&nbld=509172&snapshotld=509172&dockAppUid=101& Print Preview An image shows a spherical ball with two arrows from the back of the ball pointing toward each other. The spherical ball is named as Real World. The budget for the assembly department of Steelcase Inc. is shown. The first line shows Direct labor per filing cabinet 12 minutes; Supervisor salaries $150,000 per month; Depreciation $24,500 per month; Direct labor rate $22 per hour. Prepare a flexible budget for 18,000, 20,000, and 22,000 filing cabinets for the month of August in the Assembly Department, similar to Exhibit 5