4 of 12 < > View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. 5.09/10 : Martinez Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows Indirect labor $1.30 Indirect materials 1.00 Utilities 0.70 Budgeted fixed overhead costs per month are Supervision $3,840, Depreciation $1.152, and Property Taxes $768. The company believes it will normally operate in a range of 6,720-9.600 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2022 for the expected range of activity, using increments of 960 direct labor hours. (List variable costs before fixed costs.) MARTINEZ COMPANY Monthly Manufacturing Overhead Flexible Budget For the Year 2022 Direct Labor Hours: Variable Costs Indirect Labor 6720 7680 6640 Indirect Materials 8736 9984 11232 Prepare a monthly manufacturing overhead flexible budget for 2022 for the expected range of activity, using increments of 960 direct labor hours. (List variable costs before fixed costs.) MARTINEZ COMPANY Monthly Manufacturing Overhead Flexible Budget For the Year 2022 Direct Labor Hours Variable Costs 6720 7680 8640 Indirect Labor Indirect Materials 8736 $ 9984 11232 Utilities 6720 7680 8640 Total Variable Costs 4704 5376 8640 Fixed Costs 20160 23040 6048 3840 3840 3840 1152 1152 1152 0 768 768 768 5760 5760 5760 25920 28800 31600 MARTINEZ COMPANY Monthly Manufacturing Overhead Flexible Budget For the Year 2022 6720 7680 8640 9600 6736 9984 11232 $ 12480 6720 7680 8640 9600 5376 8640 6720 4704 20160 23040 6048 28000 3840 3840 3840 3840 1152 1152 1152 1152 768 768 768 7601 5760 5760 5700 5740 25920 28000 31/80 34560