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: Celtic Company Machining Department Monthly Production Budget The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: as follows: Wages per hour Utility cost per direct labor hour Direct labor hours per unit Planned monthly unit production $16.00$1.300.2569,000 decimal places. Celtic Company-Machining Department Flexible Production Budget For the Three Months Ending March 31 March 292,00052,000 as follows: Wages per hour Utility cost per direct labor hour Direct labor hours per unit Planned monthly unit production $16.00$1.300.2569,000 decimal places. Celtic Company-Machining Department Flexible Production Budget For the Three Months Ending March 31 b. Compare the flexible budget with the actual expenditures for the first three months. Actual cost Total flexible budget Excess of actual cost over budget What does this comparison suggest? February The Machining Department has performed better than originally thought. The department is spending more than would be expected