Flexible Budget with Different Levels of Production Balboa Company budgeted the following amounts: Variable costs of production: Direct materials Direct labor VOH 3 pounds $1.30 per pound 0.5 hr. $18.00 per hour 0.5 hr. $3.40 . FOH Materials handling $8,600 Depreciation $4,350 Required: Prepare a flexible budget for 4,000 units, 4,500 units, and 5,000 units. Balboa Company Flexible Budget nits 5,000 units Direct materials Prepare a flexible budget for 4,000 units, 4,500 units, and 5,000 units Balboa Company Flexible Budget 4,000 units 4,500 units 5,000 units Direct materials Direct labor Fixed overhead: Materials handling. Depreciation 18AM . Balboa Company budgeted production of 4,500 units with the following amounts: Variable costs of production: . Direct materials 3 pounds $1.30 per pound 0.5 hr. $18.00 per hour 0.5 hr. @ $3.40 Direct labor VOH Materials handling $6,200 $2,600 At the end of the year, Balboa had the following actual costs for production of 4,700 units: Depreciation $18,320 42,400 7,900 Direct materials Direct labor Materials handling 8,800 Depreciation 4,350 Required 1. Calculate the budgeted amounts for each cost category listed above for the 4,500 budgeted units. 2. Prepare a performance report using a budget based on expected (budgeted) production of 4,500 units. Enter a favorable varlance as a negative number using a minus sign and an unfavorable variance as a positive number and if for "Not applicabje". there is no entries enter "0" then select Balboa Company Performance Report Actual Budgeted Variance Units produced (- Direct matenals Direct labor Veriabe ovehead Foxed overhead: Materias handing Depreciation Total 3. Prepare a performance report using a budget based on the actual level of production of 4,700 units. Enter favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number and if there is no entries enter "O" or leave it blank then select for "Not applicable