QUESTION 11 Charles TimeSource, Inc., adopted a fexible budget for manufacturing overhead based on direct labor hours. The company manufacturers industrial floor mats During 2018, variable manufacturing overhead couts per direct labor hour we as follows Indirect labor 5120 Indirect Materials 50 Factory Maintenance 30 Factory Repairs 20 Fixed costs per month are (based on expected 40,000 direct labor hours per month) Supervisor $ 4,000 Depreciation 1,500 Rant 2.500 Insurance 1.000 REQUIRED: Prepare a fiable budget perfomance report if the company operated at 41.000 direct labor hours and incurred the following costs during the month of June 2018 Indirect labor $18,040 Depreciation 19.680 Rent 13.120 Insurance 10,250 Actual faced costs were the same as budgeted except for Supervisor 54.100