Gilmour Inc. ("The Company") is a manufacturer of hockey pants in Kingston. This year is a very important year for the company, as they are considering expansion overseas and need strong cashflow to make that possible. Management wants to do some scenario planning and see what the financial results would look like under different production levels. The Company has budgeted these costs for one pair of hockey pants (1 Unit) Variable overhead 7.75 hours of direct labour @ $18.00/hour Materials 1 meter of fabric at $60/ meter Labour 7.75 hours of direct labour @ $33.00/hour Fixed overhead for The Company will be $40,000 this year. Required: Prepare a flexible budget, for the year, for the production of 6,500 and 7,000 units. Using this flexible budget, answer the following questions: Question 31 (2 points) What is the total cost to The Company, excluding fixed overhead, for the production level of 6,500 units? ] Q/ Question 32 (1 point) What is the total cost per unit for the production level of 6,500 units? :] 'v Question 33 (2 points) What is the total cost to The Company, excluding fixed overhead, for the production level of 7,000 units? 15/ Question 34 (1 point) What is the total cost per unit for the production level of 7,000 units? l '/ Question 35 (1 point) Which of the following is true regarding a flexible budget? 0 A flexible budget can be created for multiple production levels 0 Flexible budget is another name for the static budget 0 A flexible budget can only be created for one production level 0 A flexible budget can only be created at the start of the year Question 36 (1 point) Using the flexible budget, what costs are included in calculating the total cost of production? 0 Direct materials, direct labour, variable manufacturing overhead, fixed manufacturing overhead 0 Direct materials, direct labour, variable manufacturing overhead 0 Direct materials 0 Direct materials, direct labour