Outkast Company uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour is as follows: Indirect Labour Indirect Materials Maintenance Utilities $0.50 1.50 .40 .20 Budgeted fixed overhead costs per month are: Supervision Insurance Property Taxes Depreciation $4,000 2,000 1,000 9,000 The company believes it will normally operate i n a range of 28,000 to 35,000 machine hours per month. During the month of August 2016, the company incurred the following manufacturing overhead costs: Indirect Labour Indirect Materials Maintenance Utilities Supervision Insurance Property Taxes Depreciation $14,800 44,000 12,000 6,500 4,200 2,100 800 8,600 Required: Prepare a flexible budget report, assuming that the company used 31,000 machine hours during August