Ivanhoe Co. developed its annual manufacturing overhead budget for its master budget for 2022 as follows:

Expected annual operating capacity				121,500 Direct Labor Hours
Variable overhead costs
Indirect labor				$607,500
Indirect materials				121,500
Factory supplies				60,750
	Total variable			789,750
Fixed overhead costs
Depreciation				255,000
Supervision				135,000
Property taxes				111,000
	Total fixed			501,000
Total costs				$1,290,750

The relevant range for monthly activity is expected to be between 9,500 and 12,000 direct labor hours. Prepare a flexible budget for a monthly activity level of 9,500 and 10,500 direct labor hours. (List variable costs before fixed costs.)

IVANHOE CO. Monthly Flexible Manufacturing Overhead Budget
Activity level
Direct labor hours		9,500		10,500
select an opening name for section one DepreciationMaintenanceFactory SuppliesSupervisionIndirect LaborProperty TaxesIndirect MaterialsTotal Fixed CostsVariable CostsTotal CostsTotal Variable Costs
select an item SupervisionIndirect LaborTotal Variable CostsFixed CostsDepreciationTotal Fixed CostsVariable CostsTotal CostsFactory SuppliesProperty TaxesIndirect Materials		$enter a dollar amount		$enter a dollar amount
select an item Indirect LaborFactory SuppliesProperty TaxesTotal CostsSupervisionIndirect MaterialsDepreciationVariable CostsTotal Fixed CostsFixed CostsTotal Variable Costs		enter a dollar amount		enter a dollar amount
select an item SupervisionVariable CostsFixed CostsIndirect MaterialsTotal CostsProperty TaxesTotal Variable CostsFactory SuppliesTotal Fixed CostsDepreciationIndirect Labor		enter a dollar amount		enter a dollar amount
select a closing name for section one Total Variable CostsProperty TaxesVariable CostsTotal CostsFixed CostsFactory SuppliesSupervisionDepreciationIndirect LaborIndirect MaterialsTotal Fixed Costs		enter a total amount for section one		enter a total amount for section one
select an opening name for section two Total CostsProperty TaxesFactory SuppliesIndirect MaterialsIndirect LaborSupervisionMaintenanceTotal Fixed CostsFixed CostsTotal Variable CostsDepreciation
select an item Total CostsProperty TaxesIndirect MaterialsFixed CostsTotal Fixed CostsIndirect LaborSupervisionFactory SuppliesTotal Variable CostsDepreciationVariable Costs		enter a dollar amount		enter a dollar amount
select an item SupervisionTotal CostsIndirect LaborVariable CostsTotal Fixed CostsIndirect MaterialsDepreciationTotal Variable CostsProperty TaxesFactory SuppliesFixed Costs		enter a dollar amount		enter a dollar amount
select an item Variable CostsProperty TaxesTotal Variable CostsFixed CostsIndirect MaterialsDepreciationFactory SuppliesSupervisionIndirect LaborTotal Fixed CostsTotal Costs		enter a dollar amount		enter a dollar amount
select a closing name for section two SupervisionProperty TaxesIndirect MaterialsVariable CostsTotal CostsDepreciationFactory SuppliesTotal Variable CostsTotal Fixed CostsFixed CostsIndirect Labor		enter a total amount for section two		enter a total amount for section two
select a closing overhead flexible budget item Fixed CostsIndirect LaborDepreciationSupervisionTotal Fixed CostsTotal Variable CostsVariable CostsProperty TaxesIndirect MaterialsTotal CostsFactory Supplies		$enter a total amount for this budget		$enter a total amount for this budget