Question - The $6.00 fixed overhead rate is based on total budgeted fixed overhead costs of $18,000 and estimated sales of 3,000 units. There were no changes in any inventory account during the period. The company produced and sold 3,100 units at the following costs:
Direct materials (9,000 lbs.) $81,270
Direct labor (6,000 hrs.) 78,000
Variable overhead 76,000
Fixed overhead 16,500
Total production costs incurred $251,770
Please prepare a flexible budget to evaluate the current year?