P2445 Speier Company estimates that 240,000 direct labor hours will be worked during 1-101? in the .t-"I.ssembl1.r DepartmenL On this basis. the following budgeted manufacturing overhead data are computed. 1itll'ariable Overhead Costs Indirect labor $ H.000 Indirect materials 40.000 Repairs saooo Utilities 24,000 Lubricants 12:000 $192,000 If is estimated that direct labor hours worked each month will range from 10,000 to 24.000 hours. During JanuaryI 20,000 direct labor hours were worked and the following overhead costs were incurred. Variable Overhead Costs Indirect labor $ 0.200 Indirect materials 3,000 Repairs 2.300 Utilities 1500 Lubricants 1.050 $14,sso instructions [a] Prepare a monthly exible manufacturing overhead budget for each increment of 2.000 direct labor hours over the relevant range for the year ending December 31. son. Fitted Overhead Costs Supervision $ H.600 Depreciation 30.000 Insurance 12.000 Rent 0.600 Property taxes 0.000 5133.200 Fixed Overhead Costs Supervision 3 5.300 Depreciation 2.500 Insurance 1.000 Rent 050 Propeny taxes 500 $11.1so {b} Prepare a manufacturing overhead budget report for January. to] Comment on management's efficiency in controlling manufacturing over-head costs in January. Prepare exible budget and budget report for manufacturing overhead. [LO 2:: [a] Total costs: moon OLH. HEEL]; awn-o DLH. 53-0.\" {bi Budget sauna Actual 525.000