Glazunov Corporation expects to operate within a relevant range of 20,000 to 35,000 machine hours during the upcoming year. The cost formulas for manufacturing overhead are provided below. GLAZUNOV CORPORATION COST FORMULAS FOR PREPARING FLEXIBLE BUDGET FOR UPCOMING YEAR Manufacturing Overhead Item Cost Formula Supplies Expense $ 0.50 per hour Utilities Expense $ 0.30 per hour Indirect Labor $ 100,000 plus $ 2.25 per hour Supervisor Salaries $ 60,000 plus $ 0.40 per hour Depreciation Expense $ 80,000 REQUIRED: Using the attached form, prepare a flexible budget for the company's manufacturing overhead for activity levels of 20,000, 25,000, 30,000, and 35,000 machine hours. GLAZUNOV CORPORATION FLEXIBLE BUDGET--MANUFACTURING OVERHEAD FOR UPCOMING YEAR 20,000 hours 1 25,000 hours 30,000 hours 35,000 hours Activity Level Variable Costs: Total Variable Costs Fixed Costs: Total Fixed Costs Total Costs