Indigo Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows Indirect labor Indirect materials Utilities $1.00 0.70 0.40 Budgeted fixed overhead costs per month are Supervision $4,800, Depreciation $1,440, and property Taxes $960. The company believes it will normally operate in a range of 8,400-12,000 direct labor hours per month a Assume that in July 2022, Indigo Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor $10,560 Indirect materials 6.960 Fixed Costs Supervision $4,800 1,440 Depreciation Property taxes Utilities 3,840 960 INDIGO COMPANY Manufacturing Overhead Flexible Budget Report Dif Fa: Unfi Neithe nor U Budget Actual Costs Direct Labor Hours Variable Costs Indirect Labor Indirect Materials 1000 TORE TOLE Utilities Total Variable Costs Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs $ DODO DOM ! Indirect Materials Utilities Total Variable Costs Fixed Costs Supervision NA DOO Ill doll Depreciation Property Taxes Total Fixed Costs Total Costs - INDIGO COMPANT Manufacturing Overhead Flexible Budget Report Di Fa Uni Neith nor U Budget Actual Costs 100000! DINI DONO IIII OCE DITAI LIITTO DIDIT LITE (a) Prepare a flexible budget performance report, assuming that the company worked 10,800 direct labor hours during the month. (List variable costs before fixed costs.) INDIGO COMPANY