Q. 1. Based on the information below please complete (b) part of the question, part (a) is already completed.

(b) Prepare a flexible budget report. CHEYENNE COMPANY Flexible Direct Labor Budget Report Product Line Budget Actual Difference Direct Labor eTextbook and Media Assistance Used eTextbookIn Cheyenne Company, direct labor is $20 per hour. The company expects to operate at 8,800 direct labor hours each month. In January 2025, direct labor totaling $181,280 is incurred in working 9,152 hours. (a) Your answer is partially correct. Prepare a static budget report. CHEYENNE COMPANY Static Direct Labor Budget Report For the Year Ended January 31, 2025 Product Line Budget Actual Difference Direct 176000 181280 -5280 Unfavorable Labor