Problem 23-2A a-b, d (Video) (Part Level Submission) Bonita Company manufactures tablecloths, Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2020. The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct Labor hours. Variable costs Rate per Direct Labor Hour Annual Fixed Costs $0.43 $45,120 0.52 Der Indirect labor Indirect materials Factory utilities Factory repairs Supervision Depreciation Insurance Rent 0.3) 18,000 17,640 27,720 0.21 The master overhead budget was prepared on the expectation that 400,000 direct labor hours will be worked during the year. In June, 46,500 direct labor hours were worked. At that level of activity, actual costs were as shown below Vanable per direct labor hour: indirect labor $0.47, indirect materials $0.50, factory utilities $0.37, and factory repairs $0.25. Foxed: same as budgeted. (a) (b) (a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2020, assuming production levels range from 38,700 to 53.400 direct labor hours. Use increments of 4.900 direct labor hours. ( variable costs before fixed costs) BONITA COMPANY Monthly Manufacturing Overhead exible Budget Ironing Department For the Year 2020 CALCULATOR PRINTER VERSION BACK NE (a) & (b) (a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2020, assuming production levels range from 38,700 to $3,400 direct labor hours. Use increments of 4,900 direct labor hours. (List variable costs before Mixed costs.) BONITA COMPANY Monthly Manufacturing Overhead Flexible Budget Ironing Department For the Year 2020 IS Weygandt, Financial and Managerial, 3e Help System Nouncements CALCULATOR PRINTER VERSION BACK NEXT (6) Prepare a budget report for une comparing actual results with budget data based on the flexible budget. (List variable costs before fired costs.) BONITA COMPANY Ironing Department Manufacturing Overhead able Budget Report for the Month Ended Mane 30, 2020 Derence Favorable unfavorable the favorable or navorable Budget JS munca, 30 Hele System Announcements CALCULATOR PRINTER VERSION BACK NEXT Click if you would like to show Work for this question: Open Show Work By accessing this question Assistance, you will leam while you eam points based on the Pont Potential policy set by your instructor