please give solution

4 Screen 19-20 of 21 - Given the actual expenses, the Assembling Department manager is pleased with Question 7 (This question has 3 items, (a), (b), and (c)) (2 +9+3 = 14 marks) the report and expects some praise for a job well done. Limo Company uses budgets in controlling costs The March 2020 budget report for the company's Assembling Department is as follows The company president, however, is unhappy with the results for March because only 55,000 units were produced Required: Limo Company Budget Report Assembling Department For the Month Ended March 31 2020 (a) State the total monthly budgeted cost formula (2 marks) Suggested Answer: Budget Actual Manufacturing Overhead Variable costs Indirect materials Indirect labour Utilities Maintenance (Or, you can use the given excel document to show your work for this question $48.000 65.000 15,000 12.000 46,000 51.200 15 600 12,500 (b) Prepare a Budget Report for March using flexible budget data (9 marks) Suggested Answer: Fixed Costs Rent Supervision Depreciation 15 000 18.000 5,000 14200 19 300 5200 Click or tan here to enter text. (Or you can use the given excel document to show your work for this question The monthly budget amounts in the report were based on an expected production of 65,000 units per month or 780 000 units per year (c) Which budget report provides a better basis for evaluating performance? Type here to search e w 11:08 PM 6/6/20120