#2 Mayne Brothers V12 Engine Block Company 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 $5.75 $2.40 $.65 $.40 Fixed overhead costs per month are: Supervision Insurance Property taxes Depreciation $1,220 $245 $290 $475 The company believes it will normally operate in a range of 3,000 to 5,000 machine hours per month. Required: Prepare a flexible manufacturing overhead budget for the expected range of activity, using increments of 1,000 machine hours