QUESTION 11 The company manufacturers industrial floor mats Charles TimeSource, Inc., adopted a flexible budget for manufacturing overhead based on direct labor hours During 2018, variable manufacturing overhead costs per direct labor hour are as follows: Indirect labor $1.20 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 Rent 2,500 Insurance 1,000 REQUIRED: Prepare a flexible budget performance 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 fixed costs were the same as budgeted except for Supervisor. $4,100