Remaining Time: 1 hour, 15 minutes, 53 seconds. Path:p Question Completion Status: QUESTION 16 Clampit Company uses a flexible budget for manufacturing overhead based on machine hours. Budgeted variable manufacturing overhead costs per machine hour are as follows: Indirect $5.00 per labor machine hour Indirect $2.10 per materials machine hour S0.50 per Maintenance machine hour S0.40 per Utilities machine hour Budgeted Fixed overhead costs per month are: Supervision $1,200 Insurance S400 Property taxes $600 Depreciation $1,800 During the month of June 2020, the company incurs the following manufacturing overhead costs: Indirect labor $28,000 Indirect materials $16,200 Maintenance $2,800 Utilities $1,900 Supervision $1,440 Insurance $400 Property taxes $600 Depreciation $1,860 Instructions [A] Prepare a flexible budget report assuming that Clampit used 6,000 machine hours during June 2020. [B] Explain clearly how the flexible budget is a more favorable analysis of performance than a static budget. Be specific