Lo search PORT Et Martinez 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 Variable Costs Indirect labor Indirect materials Utilities Budgeted fixed overhead costs per month are Supervision $3,840, Depreciation $1,152, and property Taxes $768. The company believes it will normally operate in a range of 6,720-9,600 direct labor hours per month. Assume that in July 2022, Martinez Company incurs the following manufacturing overhead costs. 0.70 Fixed Costs 0.40 $8.448 5.568 3,072 Fixed Costs Supervision Depreciation Property taxes $3,840 (a) Prepare a flexible budget performance report, assuming that the company worked 8,640 direct labor hours during the month. (List variable costs before fixed costs.) Budget 1,152 768 MARTINEZ COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2022 Actual Costs D F Un Neith nor 65F Mostly cloudy iDi