Required: 1. Prepare an overhead budget for the expected activity level for the coming year. Round your answers to the nearest cent, if required. Engersol, Inc. Overhead Budget For the Year Ended December 31 Budgeted direct labor hours Variable costs: Maintenance Power Indirect labor Total variable costs Fixed costs: Per DLH TO D Maintenance Indirect labor Rent Total fixed costs Total overhead costs $ Flexible Budget In an attempt to improve budgeting, the controller for Engersol, Inc., has developed a flexible budget for overhead costs. Engersol, Inc., makes two types of products, commercial floor cleaners and household floor cleaners. The company expects to produce 300,000 units of the commercial cleaner and 120,000 units of the household cleaner during the coming year. The commercial cleaner requires 0.04 direct labor hour per unit, and the household cleaner requires 0.06. The controller has developed the following cost formulas for each of the four overhead items: Cost Formula $30,000+ $1.25 DLH Maintenance Power $0.50 DLH Indirect labor $65,000+ $2.30 DLH $28,000 Rent Required: 1. Prepare an overhead budget for the expected activity level for the coming year. Round your answers to the nearest cent, if required. Engersol, Inc. Overhead Budget For the Year Ended December 31 Budgeted direct labor hours Variable costs: Maintenance Power LA Per DLH 110 Previous Prepare an overhead budget for production that is 20 percent lower than expected. Engersol, Inc. Overhead Budget For the Year Ended December 31 < Per DLH 074 $ Budgeted direct labor hours Variable costs: Maintenance Power Indirect labor Total variable costs Fixed costs: Maintenance Indirect labor Rent Total fixed costs Total overhead costs $ $ $ 3. Which of the four data analytic types-descriptive, diagnostic, predictive, or prescriptive-is being used in creating the three flexible budgets? (See Exhibits 2.5 and 2.6, pp. 37, 40, for a review of data analytic types.) The flexible budgets are used to determine how well the company will do under various sales scenarios. 2. Prepare an overhead budget that reflects production that is 10 percent higher than expected (for both products). Round your answers to the nearest cent, if required. Engersol, Inc. Overhead Budget For the Year Ended December 31 Budgeted direct labor hours Variable costs: Maintenance Power Indirect labor Total variable costs Fixed costs: Maintenance Indirect labor Rent Total fixed costs Total overhead costs Per DLH $ $ Prepare an overhead budget for production that is 20 percent lower than expected. Check My Work