Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $126,000 and equipment depreciation of $50,000 for 6,000 hours of production. The department actually completed 7,400 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $x Feedback rcheck My work Remember that a flexible budget is constructed by first identitying the reetevant activily levels, secondly identitying the fxed and variable cost components of the costs being budgeted, and then preparing the budget for each activity level