Remaining Time: 1 hou 53 minates, 48 seconds QUESTION 34 Question Completion Statu Question Completion Status inte month of February 2018, te Budge oscer of Ferguson Company presented the ilowing budgst repart C FERGUSON COMPANY BUDGET REPORT FOR THE MONTH ENDED Febnuary 28, 2018 FavorableF Budget Actua ariable Costs Direct Materials Direct labor 57,600 64,800 28,800 21,600 18 000 1.299 138 000 56400 1,440 29,040 1,000 17,880 7.442 93.200 5 1,200 F 3,360 F 240 U 600 F 120 F Indrect labor Utilties Total Variable 4800F Fred costs Rent 14,400 7.200 20.40 14,400 7,200 20.400 Total faed Total coss The Fstruay budget sported above is based on expected manufacturing of 72.000 units er moth (864000 ally) Whle the budget oficer is faity happy about the seport, the CEO. Davis Whson is not so amuned Hls expectali You are a summer intem and have been ask ed to comment on this matte 240.0005 236.20 4.600F company would sell close to budgt oficers happiness 2nharth, 7680 urits wwe produced The CEO Davs whon was-e pleased it (1-Mach v atie costs wore 10% higher harte February act al variable costs and(2)tened cests were he san easinfe TTTAr