L0L020, 0.30 am to 10:00 am Contributing 21% towards final grade ed Thermo King Eastern Canada is the world leader in transport temperature control systems for trucks, trailers, buses and tail cars. Some of its products include trailer cooling solutions, containers, bus HVACs, passenger rails, and others. To manufacture one Hvac unit for driver cabins, the company uses direct materials $27, direct labour $58, and variable manufacturing overhead $43. In addition, the fixed overhead costs include facility rent $157,000 and insurance $7,980. The above costs are applicable for the production relevant range between 6,000 and 8,000 units. Instructions (a) Prepare a flexible budget for the relevant range of activity levels, by using increments of one thousand. (6 marks) (b) Explain what budgetary control is. (2 marks)