Johnny Lee Inc. produces a line of small gasoline-powered engines that can be used in a varlety of residentlal machines, ranging from different types of lawnmowers, to snowblowers, to garden tools (such as tillers and weed-whackers). The basic product IIne consists of three different models, each meant to fill the needs of a different market. Assume you are the cost accountant for this company and that you have been asked by the owner of the company to construct a flexible budget for factory overhead costs, which seem to be growing faster than revenues. Currently, the company uses machine hours (MHs) as the basis for assigning both varlable and fixed factory overhead costs to products. Within the relevant range of output, you determine that the following factory fixed overhead costs per month should occur: engineering support, $16,700; Insurance on the manufacturing facility, $6,700; property taxes on the manufacturing facility, $13,700; depreclation on manufacturing equipment, $15,500; and Indlrect labor costs of supervisory salarles, $16,500, setup labor, $4,100, and materials handling, $4,200. Varlable factory overhead costs are budgeted at $106.00 per machine hour, as follows: electricity, $25.00; Indirect materials for Material A of $18.00 and for Material B of $21.00; Indirect labor-maintenance, $23.00; and production-related supplies, $19.00. Required: 1. Prepare a flexlble budget for Johnny Lee for each of the following monthly levels of machine hours: (a) 5,700 , (b) 6,700 , and (c) 7,700 . 2. Generate an equation to represent, within the relevant range, the factory overhead costs per month for Johnny Lee. Use this equation to estimate monthly total overhead cost for machine hours of 4,700 to 7,700 , in increments of 500 . Complete this question by entering your answers in the tabs below. Prepare a flexible budget for Johnny Lee for each of the following monthly levels of machine hours: (a) 5,700, (b) 6,700, and (c) 7,700 Generate an equation to represent, within the relevant range, the factory overhead costs per month for Johnny Lee. Use this equation to estimate monthly total overhead cost for machine hours of 4,700 to 5,200, in increments of 500