Question: step by step so I can understand it 1. Cody Co. developed its annual manufacturing overhead budget for its master budget for 2016 as follows

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1. Cody Co. developed its annual manufacturing overhead budget for its master budget for 2016 as follows Expected annual operating capacity 120.000 Direct Labor Hours Variable overhead costs Indirect labor $600.000 Indirect materials 120.000 Factory Supplies 60.000 Total variable 780,000 Foxed Overhead costs Depreciation 240.000 Supervision 120,000 Property taxes 90.000 Total fixed 456.000 Total costs $1.236.000 The relevant range for monthly activity is expected to be between 8,000 and 12,000 direct labor hours Instructions Prepare a flexible budget for a monthly activity level of 8,000 and 9,000 direct labor hours

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