EXERCISE 9-9 Planning Budget 109-1 Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost Cost per per Month Machine Hour $4.25 $36,800 Direct materials Direct labor Supplies Utilities Depreciation Insurance $0.30 $0.05 $1,400 $16,700 $12,700 For example, utilities should be $1,400 per month plus $0.05 per machine-hour. The company expects to work 5.000 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Using Exhibit 9-2 as your guide, prepare the company's planning budget for June