Explain the development of flexible budgets and the usefulness of flexible budget reports Brief Exercise 21-4 Gundy Company expects to produce 1,294,800 units of Product XX in 2012. Monthly production is expected to range from 84,350 to 126,770 units. Budgeted variable manufacturing costs per unit are: direct materials $5, direct labor $7, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision are $2. Prepare a flexible manufacturing budget for the relevant range value using 21,210 unit increments. (List variable costs before fixed costs.) GUNDY COMPANY Monthly Flexible Manufacturing Budget For the Year 2012 $ $ $ $ $ $ $ $ $