Problem 11.30 , d High Arctic Manufacturing Company produces one product, Kebe. Because of wide actuations in the demand for Kate, the levels. embly department has two r tion The annual master manufacturing overhead budget is based on 270,000 direct labour hours. In July, 24,750 labour hours were warned. The master manufacturing overhead budget for the year and the actual overhead costs incurred in July are as follows: Overhead costs Master Budget (annual) Actual in July Variable Indirect labour Indirect materials Utilities Maintenance Foxed Supervision Depreciation Insurance and tax $297,000 162,000 135,000 81,000 $26,100 12,600 12,510 7,515 11,250 7.200 135,000 56.400 54,000 $950,400 4,500 $81.675 Prepare a monthly flexible overhead budget for the year ending December 31, 2020, assuming monthly production levels range from 20,250 to 27,000 direct labour hours. Use increments of 2,250 direct labour hours. (List variable costs before fixed costs, Round rate per DLR calculations to 2 decimal places, eg: 1.25 and final answers to decimal places, g. 125.) HIGH ARCTIC MANUFACTURING COMPANY Flexible Monthly Manufacturing Overhead Budget Assembly Department For the Year 2020 Prepare a monthly flexible overhead budget for the year ending December 31, 2020, assuming monthly production levels range from 20,250 to 27,000 direct labour hours. Use increments direct labour hours. (ust variable costs before xed costs. Round rate per DLH calculations to 2 decimal places, 9.1.25 and nalanswers to decimal places, p. 125.) HIGH ARCTIC MANUFACTURING COMPANY Flexible Monthly Manufacturing Overhead Budget Assembly Department For the Year 2020 Prepare a budget performance report for the month of July 2020, comparing actual results with budgeted data, based on the flexible budget. (List variable costs before xed costs Prepare a budget performance report for the month of May 2020, comparing actual results with budgeted data, based on the flexible budget (stvarable costs before red c a .) HIGH ARCTIC MANUFACTURING COMPANY Assembly Department Manufacturing Overhead Budget Report (Flexible) For the Month Ended July 21, 2020 Unfavourable Neither Favourable mor Unfavourable State the formula for calculating the total monthly budgeted costs for High Arctic Manufacturing Company. (Round variable cost per unit to 2 decimal places, .g. 1.25.)