Question: Q. 1. Based on the information below please complete (b) part of the question, part (a) is already completed. (b) Prepare a flexible budget report.

Q. 1. Based on the information below please complete (b) part of the question, part (a) is already completed.

the question, part (a) is already completed. (b) Prepare a flexible budget

(b) Prepare a flexible budget report. CHEYENNE COMPANY Flexible Direct Labor Budget Report Product Line Budget Actual Difference Direct Labor eTextbook and Media Assistance Used eTextbookIn Cheyenne Company, direct labor is $20 per hour. The company expects to operate at 8,800 direct labor hours each month. In January 2025, direct labor totaling $181,280 is incurred in working 9,152 hours. (a) Your answer is partially correct. Prepare a static budget report. CHEYENNE COMPANY Static Direct Labor Budget Report For the Year Ended January 31, 2025 Product Line Budget Actual Difference Direct 176000 181280 -5280 Unfavorable Labor

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