... flexible budget performance report: Summarize information: Sales Cost of goods sold: - Direct materials - Direct labor - Machinery repair (Variable cost) - Depreciation - Machinery - Utilities (25% ... 462,000 - Cash sales - - - - - - Credit sales 396,000 495,000 418,000 412,500 462,000 158,400 138,600 91,080 198,000 173,250 113,850 167,200 146,300 96,140 165,000 144,375 Cash collection from: - January's ... number of setups Therefore, we have: - Setup hours for Briefcase = x 50 = 50 hours - Setup hours for specialty Briefcase = x 100 = 200 hours (**) Inspection hours are equal to Time for inspection per...