Problem 10-2A (Part Level Submission) Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years As a result, the president has installed a budgetary control system for 2017, The following data were used in developing the master m?nufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours. Rate per Direct Indirect labor Indirect materials Factory utilities Factory repairs 0.44 Supervision 0.55 Depredation 0.32 nsurance 0.24 Rent 541,040 16,200 13,320 30,960 The master overhead budget was prepared on the expectation thet 479,500 direct labor hours will be worked during the year. In June, 37,500 direct labor hours were worked. At that level of activity, ectual costs were as shown below. Variable-per direct labor hour: indirect labor so.47, indirect materials $0.54, factory utilities S0.35, and factory repairs 0.29. Fixed: same as budgeted (a) & (b (a Prepare monthly anufac unng overhead flexible budget for the year ending December 31, 2017, assuming production levels range from 38 300 to 50,900 direct labor hours. Use ncrements of 4,200 d rect labor hours. (List variable costs belore fixed costs. ZELMER COMPANY Overhead Flexible Budget for the Year 2017 (b) Prepsre a budaet report for June compering actual resuts with budget dets besed on the flexible budget. (List variable costs before fixed costs.) ZELMER COMPNY For the Moath Ended June 30, 2017 Favorable Ncither Favorable Actual C Unfavorable State the formula for computing the total budgeted costs for the Ironing Department. (Round variable cost per unit to 2 decimal places, e.g. 1.S5.) The formula is + total vaiable costs of s per direct labor hour