Cody Co. developed its annual manufacturing overhead budget for its master budget for 2019 as follows: Expected annual operating capacity 120,000 Direct Labor Hours Variable overhead costs Indirect labor $600,000 Indirect materials 120,000 Factory supplies 60,000 Total variable 780,000 Fixed overhead costs Depreciation 240,000 Supervision 120,000 Property taxes 96,000 Total fixed 456,000 Total costs $1,236,000 The relevant range for monthly activity is expected to be between 8,000 and 12,000 direct labor hours. Prepare a flexible budget for a monthly activity level of 8,000 and 9,000 direct labor hours. (List variable costs before fixed costs.) CO. Monthly Flexible Manufacturing Overhead Budget Activity level Direct labor hours 8,000 9,000 4 $ $ A A A $ $