James, 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: Supervision Insurance Property taxes Depreciation $5.00 2.50 .50 30 $1,200 400 600 1,800 The company believes it will normally operate in a range of 4,000 to 8,000 machine hours per month. During the month of August, 2019, the company Incurs the following manufacturing overhead costs: Indirect labor Indirect materials Maintenance Utilities Supervision Insurance Property taxes Depreciation Instructions $28,000 16,200 2,800 1,900 1,440 400 600 1,860 Prepare a flexible budget report, assuming that the company used 6,000 machine hours during August. (20-25 minutes) James, 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: Supervision Insurance Property taxes Depreciation $5.00 2.50 .50 .30 $1,200 400 600 1,800 The company believes it will normally operate in a range of 4,000 to 8,000 machine hours per month. During the month of August, 2019, the company Incurs the following manufacturing overhead costs: Indirect labor Indirect materials Maintenance Utilities Supervision Insurance $28,000 16,200 2,800 1,900 1,440 400 600 1,860 Property taxes Depreciation Instructions Prepare a flexible budget report, assuming that the company used 6,000 machine hours during August