Question: Ivanhoe, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect

hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect

labor Indirect materials Maintenance Utilities Fixed overhead costs per month are: $5.00

2.50 0.80 0.30 Supervision $840 Insurance 240 Property taxes 340 Depreciation 940

Ivanhoe, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor Indirect materials Maintenance Utilities Fixed overhead costs per month are: $5.00 2.50 0.80 0.30 Supervision $840 Insurance 240 Property taxes 340 Depreciation 940

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