Part IV Budget Performance Reports (15 marks) 1. Toto Dog Toys developed its annual manufacturing overhead budget as follows. Prepare a flexible budget for a monthly activity level of 85,000 direct labour hours (DLH). (5 marks) 90,000 DLH 85,000 DLH Variable overhead costs: besthove sidenay Indirect labour $360,000 Indirect materials 27,000 Factory supplies 63,000 alehorsm famibri Total variable costs $450,000 CORSI Fixed overhead costs: Depreciation $72,000 Supervision 70,000 Property taxes 12,000 Total fixed costs $154,000 Total costs $604,000