*Problem 14-1A Ayayai Company estimates that 300,000 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year Fixed Overhead Costs Variable Overhead Costs Supervision Depreciation Insurance Rent Property taxes $120,000 60,000 30,000 45,000 15,000 $270,000 $84,000 Indirect labor 66,000 Indirect materials 24,000 Repairs 18,000 Utilities 12,000 Lubricants $204,000 It is estimated that direct labor hours worked each month will range from 20,000 to 26,000 hours. During October, 20,000 direct labor hours were worked and the following overhead costs were incurred Fixed overhead costs: Supervision $7,000, Depreciation $5,500, Insurance $1,975, Rent $1,500, and Property taxes $1,000 Variable overhead costs: Indirect labor $8,970, Indirect materials, $3,700, Repairs $1,960, Utilities $3,250, and Lubricants $1,240 Prepare a monthly manufacturing overhead flexible budget for each increment of 2,000 direct labor hours over the relevant range for the year ending December 31, 2017. (List variable costs before fixed costs.) AYAYAI COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2017