Martin White, controller for Richmond Company, has been instructed to develop a flexible budget for overhead costs The company produces two types of frozen desserts: Icey and Tasty. The two desserts use common raw materials in different proportions. The company expects to produce 300,000 gallons of each product during the coming year. Icey requires 0.30 direct labor hour per gallon and Tasty requires 0.25. Martin has developed the following fixed and variable costs for each of the four overhead items: Overhead Item Fixed Cost Variable Rate per DLH $53,000 $1.15 Maintenance Power 1.60 Indirect labor 79,200 4.85 Rent 64,000 Required: A. Prepare an overhead budget for the expected activity level for the coming year. Prepare an overhead budget that reflects production that is 10% higher than expected (for both products). Assume this quantity is within the relevant range Prepare an overhead budget that reflects production that is 10% lower than expected (for both products). Assume this quantity is within the relevant range. . C