Rensing Groomers is in the dog-grooming business. Its operating cists are described by the following formulas: Grooming supplies (variable) y = 0 +5 Direct labor (variable) y = 0 + 14x, Overhead (mixed) y = 10,000 +1x Milo the owner has determinned that direct labor is the cost dirver for all three categories of costs. Prepare a flexible budget for activity levels of 550,600, and 700 direct labor hous. Eplain why the flexible budget is more informatiive thatn the static budget. Calculate the total cost per direct labor hour at cash of the activity levels specified in part (a). The groomers at Rensing normally owrk a total of 650 direct labor hours during each moth. Each grooming job mormally takes a groomer 1.3 hours . Milo wants to earn a profit equal to 40% of the costs incurred determine what he should charge each pet owner fo rgrooming