Exercise 11-28 Construct a Flexible Overhead Budget; Hospital (LO 11-1, 11-2) The controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 31 kilowatt-hours of electricity per patient-day, and that the electric rate will be 0.19 euro per kilowatt-hour. The hospital also pays a fixed monthly charge of 2.600 euros to the electric utility to rent emergency backup electric generators. Required: Construct a flexible budget for the hospital's electricity costs using each of the following techniques. 1. Formula flexible budget. 2. Columnar flexible budget for 36,000, 46,000 and 56,000 patient-days of activity. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Formula flexible budget. (Round per unit to 2 decimal places.) Total budgeted monthly Budgeted variable overhead cost per X overhead cost Total activity units activity unit Bugeted fixed overhead cost per month x patient days Required 1 Required 2 >