Ivanhoe. Inc, uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Fixed overhead costs per month are: The company believes it will normally operate in a range of 5,500 to 9,500 machine hours per month. During the month of August. 2022, the company incurs the following manufacturing overhead costs: Prepare a flexible budget report, assumitig that the compary used 7,500 machine hours ouring August. Alst wrioble costs befure fixed costs.)