Expert, please make sure all parts, A,B and C from the instructions are answered accordingly. Also, please specify which part you are answering. Thanks

the flexible budget. 4,1023-5, 8.8A eting Braemar Saddlery uses department budgets and performance reports in planning and controlling its manufacturing operations. The following annual performance report for the custom saddle pro- duction department was presented to the president of the company. Budgeted Costs for 5,000 Units Total Per Unit Actual Over Costs (Under) Incurred Budget Variable manufacturing costs Direct materials Direct labor Indirect labor Indirect materials, supplies, etc. Total variable manufacturing costs Fixed manufacturing costs: Lease rental $ 30.00 $150,000 $171,000 $21,000 48.00 240,000 261,500 21,500 15.00 75,000 95,500 20,500 9.00 45,000 48,400 3,400 $102.00 $510,000 $576,400 $66,400 $ 9.00 $ 45,000 $ 45,000 -0- Salaries of foremen Depreciation and other 24.00 15.00 120,000 125,000 $ 5,000 75,000 78,600 3,600 Total fixed manufacturing costs $ 48.00 $240,000 $248,600 $ 8,600 Total manufacturing costs $150.00 $750,000 $825,000 $75,000 Although a production volume of 5,000 saddles was originally budgeted for the year, the actual volume of production achieved for the year was 6,000 saddles. Direct materials and direct labor are charged to production at actual cost. Factory overhead is applied to production at the predeter- mined rate of 150 percent of the actual direct labor cost. After a quick glance at the performance report showing an unfavorable manufacturing cost variance of $75,000, the president said to the accountant: "Fix this thing so it makes sense. It looks as though our production people really blew the budget. Remember that we exceeded our budgeted production schedule by a significant margin. I want this performance report to show a better pic- ture of our ability to control costs." Instructions a. Prepare a revised performance report for the year on a flexible budget basis. Use the same format as the production report given, but revise the budgeted cost figures to reflect the actual production level of 6,000 saddles. b. Briefly comment on Braemar's ability to control its variable manufacturing costs. c What is the amount of over- or underapplied manufacturing overhead for the year? CAR