Problem 25-02A a-b, d (Part Level Submission) (Video) Crane Company manufactures tablecoths, Sales have grown rapidly over the past 2 years. As a result, the president has installe the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours Rate per Direct Variable costs Labor Hour Annual Fixed Costs Indirect labor $0.40 Supervision $40,800 Indirect materials 0.50 Depreciation 14,400 Factory utilities 0.30 Insurance 12,000 Factory repairs 0.20 Rent 22,800 The master overhead budget was prepared on the expectation that 475,000 direct labor hours will be worked during the year. In were as shown below. Variable--per direct labor hour: indirect labor $0.42, indirect materials $0.49, factory utilities $0.32, and factory repairs 50.24. Foced: same as budgeted (a) & (b) (a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2020, assuming production leve labor hours. (List variable costs before fixed costs.) CRANE COMPANY Monthly Manufacturing Overhead Flexible Budget Ironing Department For the Year 2020 $0.24. uction levels range from 35,000 to 47,000 direct labor hours. Use increments of 4,000 direct