Pharoah Co. developed its annual manufacturing overhead budget for its master budget for 2022 as follows: 120,600 Direct Labor Hours Expected annual operating capacity Variable overhead costs Indirect labor $603,000 Indirect materials 120,600 Factory supplies 60,300 Total variable 783,900 Fixed overhead costs Depreciation 246,000 Supervision 126,000 Property taxes 102,000 Total fixed 474,000 Total costs $1,257,900 The relevant range for monthly activity is expected to be between 8,600 and 12,000 direct labor hours. Prepare a flexible budget for a monthly activity level of 8,600 and 9,600 direct labor hours. (List variable costs before fixed costs.) PHAROAH CO. Monthly Flexible Manufacturing Overhead Budget Activity level Direct labor hours 8,600 9,600 $ $