Question 2 of 4 - 125 Current Attempt in Progress Sheffield Company manufactures tablecloths, Sales have grown rapidly over the past 2 years. As a result, the president has installed 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 Variable costs Rate per Direct Labor Hour $0:41 054 Indirect labor Indirect materials Annual Fixed Costs Supervision 547640 Depreciation 15,480 Insurance 12.120 Rent 25.440 Factory utilities 0.34 Factory repairs 0.24 The master overhead budget was prepared in the expectation that 482.00 direct labor hours will be worked during the war in June 39.100 direct labor hours were worked. At that level of activity, actual costs were as shown below. Variable -per direct labor hour indirect labor $0.44 indirect materiah $0.53. factory utilities $0.37, and factory repairs 50,29 Fixed: same as budgeted Question 2 of 4 /25 E Cal Prepare a monthly manufacturing overhead file budget for the year ending December 11, 2022.groduction levels range from 38.500 to $2,900 direct labor hours. Use increments of 4,00 direct labor hours before costs SHEFFIELD COMPANY Monthly Manufacturing Overhead Flexible Budget Ironing Department For the Year 2022 -/25 E (b) Prepare a budget report for une comparing actual results with budget data based on the file budeth variable costs before and costs) SHEFFIELD COMPANY Ironing Department Manufacturing Overhead Flexible Budget Report SHEFFIELD COMPANY Ironing Department Manufacturing Overhead Flexible Budget Report Differe Favera Unfavor Neither For nor Unfa Budget Actual Costs -/25 e Textbook and Media Attempts unlimited SA