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 $233,000 Utilities 19,000 Depreciation 31,000 Total $283,000 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 $267,000 57,000 February 256,000 52,000 March 246,000 47,000 The Machining Department supervisor has been very pleased with this performance because actual expenditures for JanuaryMarch have been less than the monthly static budget of $283,000. However, the plant manager believes that the budget should not remain fixed 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 0.25 Planned monthly unit production 63,000 Question Content Area 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. Enter all amounts as positive numbers. If required, use per unit amounts carried out to two decimal places. Niland Company-Machining Department Flexible Production Budget For the Three Months Ending March 31 January February March Units of production fill in the blank ee06bfff2013013_1 fill in the blank ee06bfff2013013_2 fill in the blank ee06bfff2013013_3 Wages $fill in the blank ee06bfff2013013_4 $fill in the blank ee06bfff2013013_5 $fill in the blank ee06bfff2013013_6 Utilities fill in the blank ee06bfff2013013_7 fill in the blank ee06bfff2013013_8 fill in the blank ee06bfff2013013_9 Depreciation fill in the blank ee06bfff2013013_10 fill in the blank ee06bfff2013013_11 fill in the blank ee06bfff2013013_12 Total $fill in the blank ee06bfff2013013_13 $fill in the blank ee06bfff2013013_14 $fill in the blank ee06bfff2013013_15 Question Content Area b. Compare the flexible budget with the actual expenditures for the first three months. January February March Total flexible budget $fill in the blank d332d106f07dfd1_1 $fill in the blank d332d106f07dfd1_2 $fill in the blank d332d106f07dfd1_3 Actual cost fill in the blank d332d106f07dfd1_4 fill in the blank d332d106f07dfd1_5 fill in the blank d332d106f07dfd1_6 Excess of actual cost over budget $fill in the blank d332d106f07dfd1_7 $fill in the blank d332d106f07dfd1_8 $fill in the blank d332d106f07dfd1_9 What does this comparison suggest? The Machining Department has performed better than originally thought. The department is spending more than would be expected