Flexible Budget with Different Levels of Production Bowling Company budgeted the following amounts: Variable costs of production: Direct materials Direct labor 3 pounds @ $0.60 per pound 0.5 hr. $16.00 per hour 0.5 hr. $2.20 VOH FOH: Materials handling $6,200 Depreciation $2,600 Required: Prepare a flexible budget for 2,500 units, 3,000 units, and 3,500 units. Bowling Company Flexible Budget 2,500 units 3,000 units 3,500 units Direct materials Direct labor Variable overhead Fixed overhead: Materials handling