Machining Department Monthly Production Budget Wages Utilities Depreciation Total $904,000 56,000 94,000 $1,054,000 The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: May June July Amount Spent $994,000 951,000 909,000 Units Produced 79,000 72,000 65,000 The Machining Department supervisor has been very pleased with this performance because actual expenditures for May-July have been significantly less than the monthly sta budget of 1,054,000. However, the plant manager believes that the budget should not remain fixed for every month but should "flex" or adjust to the volume of work that is produced in the Machining Department. Additional budget information for the Machining Department is as follows: Wages per hour Utility cost per direct labor hour Direct labor hours per unit Planned monthly unit production $21.00 $1.30 0.50 86,000 a. Prepare a flexoble budget for the actual units produced for May, June, and July in the Machining Department. Assume depreciation is a fixed cost. If requited, use per unt amounts carried out to two decimal places Previous Twest