en-Uisposition=inline%3B%20filer 14) Bond Company uses the following figures to prepare its annual manufacturing overhead budget for 2020: Variable overhead costs (total $3.50 per direct labor hour) Fixed overhead costs (for the relevant range) Depreciation per month Supervision per month Property taxes per month Total fixed overhead costs per month $ 30,000 20,000 12,000 $ 62,000 The relevant range for monthly activity is between 16,000 and 24.000 direct labor hours. Instructions Prepare a flexible budget for the monthly activity levels of 18,500 and 20,000 direct labor hours