Cullumber, Inc uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows:Indirect labor$$5\mathrm{.}00$Indirect materials$2\mathrm{.}50$Maintenance$0\mathrm{.}80$Utilities$0\mathrm{.}30$Fixed overhead costs per month are:Supervision$$940$Insurance$340$Property taxes$440$Depreciation$1,040$The company believes it will normally operate in a range of $3,400$ to $5,400$ machine hours per month.Prepare a flexible manufacturing overhead budget for the expected range of activity using increments of $1,000$ machine hours.