4. Fagan 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 $5.00 2.50 0.50 Utilities 0.30 Maintenance Fixed overhead costs per month are: Supervision Insurance $600 200 Property taxes 300 Depreciation 900 The company believes it will normally operate in a range of 2,000 to 4,000 machine hours per month. Required Prepare a flexible manufacturing overhead budget for the expected range of activity, using increments of 1,000 machine hours