Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2017. The following data were used in developing the master manufacturing overhead budget for the Broning Department, which is based on an activity index of drect labor hours Rate per Direct Indirect labor Indirect materials Factory ublties Factory repairs 41,040 16,200 13,320 30,960 0.55 Depreciation .32 nsurance The master overhead budget was prepared on the expectation that 479,500 drect laber hours will be worked duning the year. In June, 37,500 direct labor hours were worked. At that level of activity, actual costs were as shown below variable- per direct labor 47, indrect materials $0.54, factory utlities $o.35 .29 Fixed: same as budgeted hour: indirect labor so s, and factory repairs so $0.29 ) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2017, assuming production levels range from 38,300 to So,900 direct labor hours, Use increments of 4,200 direct labor hours. (List variable costs before fixed costs.) Honthly Manufacturing Overhead Fleaible Budget Ironing Department Honthly Manufacturing Overhead Flxible Budget Ironing Department For the Year 2017 (b) Prepare a budget report for June companing actual results with budget data based on the flexiblebudget. (List variable costs before fixed costs) Ironing Department Manufacturing Overthead FHexible Badget Report Favorable Unfavorable State the fomula for computing the total budgeted costs for the Ironing Department. (Round variable cost per unit to 2 decimal places, e.g. 1.55.) The formula is + total variable costs of per direct labor hour