Bogart Company Manufacturing Overhead Flexible Budget Report For the month ended August 31, 2018 Difference Favorable F Unfavorable U Budget at Actual at 3,000 hrs 3,000 hrs Variable Costs: Variable Costs: indirect Labor Indirect Materials Maintenance Utilities Total Variable Costs Fixed Costs upervision Total Variable Costs Fixed Costs upervision Insurance Property Taxes Depreciation Total Fixed Costs Total Costs Gentry Company uses a flexible budget for manufacturing overhead based on machine hours. Variable overhead costs per machine hour are as follows Indirect Labor Indirect Materials Maintenance Utilities $5.00 2.50 50 30 Fixed Overhead costs per month are as follows: Supervision Insurance Property Taxes Depreciation $600 200 300 900 During the month of August 2018, the company incurs the following actual manufacturing costs for 3000 direct labor hours worked: Indirect Labor Indirect Materials Maintenance Utilities Supervision Insurance Property Taxes Depreciation $14,000 8,100 1,400 950 720 200 300 930 Instructions: Prepare a flexible budget for 3,000 machine hours and flexible budget report for the month of August in the template provided. Be sure to mark your difference as F-Favorable or U-Unfavorable