Direct Labour Hours 10,000 11,000 12,000 Indirect materials $12,000 $13,200 $14,400 Indirect labour 6,000 6,600 7,200 Utilities 2,400 2,640 2,880 Total variable costs 20,400 22,440 24,480 Rent 10,000 10,000 10,000 Depreciation 8,000 8,000 8,000 Insurance 5,500 5,500 5,500 Total fixed costs 23,500 23,500 23,500 Total costs $43,900 $45,940 $47,980 During the month of June, the company used direct labour hours totalling 11,600 and the following costs were incurred: Indirect materials $13,200 Indirect labour 16,200 Utilities 2,500 Rent 9,900 Depreciation 7,800 Insurance 5,200 Instructions 10 MARKS Prepare a flexible budget that could be used for performance evaluation of this company