Problem 25-01A a-b Sheridan Company estimates that 334,400 direct labor hours will be worked during the coming year, 2020, 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 $92,760 Indirect labor 71,760 Indirect materials 31,080 Repairs 18,840 Utilities 17,400 Lubricants $140,448 66,880 46,816 66,880 20,064 $341,088 $231,840 It is estimated that direct labor hours worked each month will range from 28,300 to 34,900 hours. During October, 28,300 direct labor hours were worked and the following overhead costs were incurred Fixed overhead costs. Supervision 7,730, Depreciation $5,980, Insurance 2,565, Rent $1,570, and Property taxes $1,450 Variable overhead costs: Indirect labor 12,986, Indirect materials, $5,340, Repairs $3,912, Utilities $5,930, and Lubricants $2,078 (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 2,200 direct labor hours over the relevant range for the year ending December 31, 2020. (List variable costs before fixed costs.) SHERIDAN COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2020 CALCULATOR MESSAGE MY INSTR CALCULATOR MESSAGE MY INSTRUCTOR FULL S (b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) SHERIDAN COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Click if you would like to Show Work for this question: Open Show Work