Static Budget vs. Flexible Budget The production supervisor of the Machining Department for Niland Company agreed to the following monthly static budget for the upcoming year: Niland Company Machining Department Monthly Production Budget Wages 51,125,000 Utilities 90,000 Depreciation 50,000 Total $1,265,000 The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: Amount Spent Units Produced January $1,100,000 80,000 February 1,200,000 90,000 March 1,250,000 95,000 The Machining Department supervisor has been very pleased with this performance because actual expenditures for January-March have been less than the monthly static budget of $1,265,000. However, the plant manager believes that the budget should not remained for every month but should flex or adjust to the volume of work that is produced in the Machining Department. Additional budget Information for the Machining Department is as follows: Wages per hour $15.00 Utility cost per direct labor hour $1.20 Direct labor hours per unit 0.75 a. Prepare a flexible 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, Enter all amounts as positive numbers NIL AND COMPANY MACHINING DEPARTMENT Flosible Production ludot