Levelor Company's flexible budget shows $10,780 of overhead at 75% of capacity, which was the operating level achieved during May. However, the company applied overhead to production during May at a rate of $2.10 per direct labor hour based on a budgeted operating level of 6,190 direct labor hours (90% of capacity). If overhead actually incurred was $11,260 during May, the controllable variance for the month was:Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. Beginning cash balance on June 1, $94,700. Cash receipts from sales, $416,500. Budgeted cash payments for purchases, $271,500. Budgeted cash payments for salaries, $95,700. Other budgeted cash expenses, $57,700. Cash repayment of bank loan, $32,700. Budgeted depreciation expense, $34,700