Problem 25 02A a b, d (Part Level Submission) (Video) Vaughn 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 overh budget for the Ironing Department, which is based on an activity index of direct labor hours Rate per Direct Labor Hour Variable costs Indirect labor Indirect materials Factory utilities Factory repairs Annual Fixed Costs 0.40 Supervision$47,640 19,200 12,240 27,720 0.54 Depreciation 0.30 Insurance 0.20 Rent The master overhead budget was prepared on the expectation that 484,800 direct labor hours will be worked during the year. In June, 40,400 direct labor hours were worked. At that level of activity, actual costs were as shown below YVariable- per direct labor hour: indirect labor $0.43, indirect materials $0.52, factory utilities $0.33, and factory repaws $0.24 Fixed: same as budgeted. (a) & (b) Your answer is partially correct. Try again. a) Prepare a monthly man overhead flexible badget for the year ending December 31, 2020, assuming production evels range from 42,700 to 60,100 direct labot hours, Use increments of 5,800 irect labor hours flist variable costs before fixed costs.) VAUGHN COMPANY Your answer is partially correct. Try again (a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2020, assuming before fixed costs.) or hours. Use increments of 5,800 direct labor hours. (List variable costs VAUGHN COMPANY Monthly Overhead Flexible Budget Ironing Department For the Year 2020 Activity Level Direct Labor Hours 4270 48500 54300 60100 Variable Costs Indirect Labor 170B0 19400 217 2404 Indirect Materials 26190 32454 Factory Utilities 12810 1455 16290 Factory Repairs 8540 0860 Indirect Materials 23058 32454 Factory Utilities Factory Repairs 12020 Total Variable Costs 86544 Fixed Costs 47640 19200 tudy 12240 27720 Total Fixed Costs 106800 Total Costs 1682BB 176640 (b) Prepare a budget report for June comparing actual results with budget data based on the flexible budget. (List variable costs before fixed costs.) VAUGHN COMPANY Ironing Department Overhead lexible Budget Report For the Month Ended June 30, 2020 Favorable Unfavorable Neither Favorable nor Unfavorable BudgetActual Costs 40400 40400 Direct Labor Hours Variable Costs 1212 Unfavorable 808 Favorable 1212Unfavora ble 1616)Unfavorable 3232) Unfavorable 17372 16160 indirect Labor 21008 21816 Indirect Materials 13332 12120 Factory Utilities 808 Factory Repairs 584176 Total Variable Costs Fixed Costs CALCULATOR PRINTER VERSION BACK NEXT 13332 (1212) Unfavorable (1616) Unfavorable (3232) Unfavorable 12120 Factory Utilities 8080 Factory Repairs 61408 584176 Total Variable Costs Fixed Costs Neither Favorable nor Unfavorable 47640 47640 Neither Favorable nor Unfavorable 19200 19200 Depreciation Neither favorable nor Unfavorable 12240 12240 Neither favorable nor unfavorable 27720 27720 Rent Neither Favorable nor Unfavorable 106800 Total Fixed Costs 3232) 158208 164976 Total Costs ou will learn while v