Marigold Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2022. The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours. Rate per Direct Variable costs Labor Hour Annual Fixed Costs Indirect labor $0.43 Supervision $47,040 Indirect materials 0.51 Depreciation 20,400 Factory utilities 0.31 Insurance 13,560 Factory repairs 0.23 Rent 25,200 The master overhead budget was prepared in the expectation that 483,600 direct labor hours will be worked during the year. In June, 47,000 direct labor hours were worked. At that level of activity, actual costs were as shown below. Variable-per direct labor hour: indirect labor $0.47, indirect materials $0.50, factory utilities $0.34, and factory repairs $0.27. Fixed: same as budgeted. (a) & (b) (a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2022, assuming production levels range from 43,300 to 57,400 direct labor hours. Use increments of 4,700 direct labor hours. (List variable costs before fixed costs.) MARIGOLD COMPANY Monthly Manufacturing Overhead Flexible Budget Ironing Department (a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2022, assuming production levels range from 43,300 to 57,400 direct labor hours. Use increments of 4,700 direct labor hours. (List variable costs before fixed costs.) MARIGOLD COMPANY Monthly Manufacturing Overhead Flexible Budget Ironing Department For the Year 2022 . + + $ $ $ (b) Prepare a budget report for June comparing actual results with budget data based on the flexible budget. (List variable costs before fixed costs.) MARIGOLD COMPANY Ironing Department Manufacturing Overhead Flexible Budget Report Diffe Favo Unfav Neither! nor Unf Budget Actual Costs $ . Question 2 of 4 - / 25 III Unfav Neither nor Unfi Budget Actual Costs S $ : + + $ $