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Ivanhoe Company uses a flexible budget for manufacturing overhead that is based on direct labour hours. The variable manufacturing overhead costs per direct labour hour

Ivanhoe Company uses a flexible budget for manufacturing overhead that is based on direct labour hours. The variable manufacturing
overhead costs per direct labour hour are as follows:
Fixed overhead costs per month are as follows: supervision $3,700; depreciation $1,100; and property taxes $600. The company
believes it will normally operate in a range of 7,400 to 10,400 direct labour hours per month.
Prepare a monthly flexible manufacturing overhead budget for 2022 for the expected range of activity, using increments
of 1,000 direct labour hours.
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