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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

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image text in transcribed 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 4,400 to 8,400 machine hours per month. During the month of August, 2022, the company incurs the following manufacturing overhead costs: Prepare a flexible budget report, assuming that the company used 6,400 machine hours during August. (List variable costs before fixed costs.) IVANHOE, INC. Manufacturing Overhead Budget Report (Flexible) For the Month Ended August 31, 2022 Budget at 6,400hrs. Actual at 6,400hrs. \begin{tabular}{c} Difference \\ \hline Favorable (F) \\ Unfavorable (U) \\ Not Applicable (NA) \end{tabular} Variable Costs Indirect Labor Indirect Materials Maintenance Utilities Total Variable Costs Fixed Costs Supervision Insurance Property Taxes Depreciation Total Fixed Costs Total Costs $ $ $

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