Required Prepare a flexible budget performance report for the cost item using 18 000 direct machine hours. Canada Company uses an annual flexible budget based on standard direct machine hours for the following factory overhead items Fixed cost Variable cost per standard direct machine hour Supplies Electricity Indirect labour $16 000 $0.30 19 6000.20 24 400 1.10 During the year, 12 000/15 000/18 000 direct machine hours were recorded for the production achieved. The following actual costs were curred: Variable costs: Supplies 5 100 Electricity 3700 Indirect labour 19 800 Fixed costs: Supplies 16 500 Electricity 18 800 Indirect labour 24 400