HELP ME WITH THE RED BOXES PLZ$!!!$

HELP ME WITH THE RED BOXES PLZ$!!!$

HELP ME WITH THE RED BOXES PLZ$!!!$

Ivanhoe Company manufactures tablecloths. Sales have grown rapidly over the past $2$ years. As a result, the president has installed a budgetary control system for $2022.$ The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours.

The master overhead budget was prepared on the expectation that $484,200$ direct labor hours will be worked during the year. In June, $38,600$ direct labor hours were worked. At that level of activity, actual costs were as shown below.

Variable$-$per direct labor hour: indirect labor $\backslash (\backslash$$ $0\mathrm{.}43\backslash ),$ indirect materials $\backslash (\backslash$$ $0\mathrm{.}50\backslash ),$ factory utilities $\backslash (\backslash$$ $0\mathrm{.}38\backslash ),$ and factory repairs $\backslash (\backslash$$ $0\mathrm{.}29\backslash ).$

Fixed: same as budgeted. $($a$)$ Prepare a monthly manufacturing overhead flexible budget for the year ending December $31,2022,$ assuming production levels range from $42,400$ to $57,400$ direct labor hours. Use increments of $5,000$ direct labor hours. $($List variable costs before fixed costs.$)$

IVANHOE COMPANY

Monthly Manufacturing Overhead Flexible Budget Ironing Department For the Year $2022$

Activity Level

Direct Labor Hours

Variable Costs

Indirect Labor

$\backslash$$

$\backslash$$

$\backslash$$

$\backslash$$

Indirect Materials

$21624$

Factory Utilities

Factory Repairs

Total Variable Costs

Supervision

Depreciation

Total Fixed Costs

$\backslash (\backslash$checkmark $\backslash )\backslash$$

$\backslash$$

$\backslash$$

$\backslash$$ $($b$)$ Prepare a budget report for June comparing actual results with budget data based on the flexible budget. $($List variable costs before fixed costs.$)$

IVANHOE COMPANY

Ironing Department

Manufacturing Overhead Flexible Budget Report

For the Month Ended June $30,2022$

Difference

Favorable

Unfavorable

ither Favorable

or Unfavorable

Favorable

Unfavorable

ither Favorable

or Unfavorable

Favorable

Unfavorable

Neither Favorable

nor Unfavorable

Budget

Actual Costs

Favorable

Unfavorable

Neither Favorable

nor Unfavorable

Direct Labor Hours

Variable Costs