Static Budget versus flexible Budget The production supervisor of the Machining Department for Celtic Company agreed to the following monthly static budget for the upcoming year: The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: The Machining Department supervisor has been very pleased with this performance because actual expenditures for January-March have been less than the monthiy static budget of $643,000. However, the plant manager believes that the budget should not remain foxed for every month but should "nex" ar adjust to the valume of work that is produced in the Machining Department. Additional sudget information for the Machining Department is as follows? a. Prepare a flexible budget for the octual units produced for January. February, and March in the Machining Departmenc. Assume that depreolatian is a fosed cost. If Planned monthly unit production 134,000 a. Prepare a flevble budget for the actual units produced for January, February, and March in the Machining Department. Assume that depreciation is a fixed cost. If required, use per unit amounts carried out to two decimal places. Celtic Company-Machining Department b. Compare the fexible budget with the actual expenditures for the first three months