QUESTION 15 The management of Isaacson, Inc., uses a flexible budget for manufacturing overhead based on machine hours. Budgeted Variable manufacturing overhead costs per machine hour are as follows: Indirect labor $5.00 per machine hr. $2.50 per Indirect materials machine hr. $0.50 per Maintenance machine hr. $0.30 per Utilities machine hr. Budgeted fixed overhead costs per month are: Supervision $1,200 Insurance $400 Property taxes $600 Depreciation $1,800 Click Save and Submit to save and submit. Click Save All Answers to save all answers, During the month of August 2020, the company actually incurred the following manufacturing overhead costs: Indirect labor $28,000 Indirect materials S16,200 Maintenance $2.800 Utilities $1,900 $1,440 $400 Supervision Insurance Property taxes Depreciation S600 $1,860 Instructions [1] Prepare a flexible budget report assuming that the company used 6,000 machine hours during August [2] Explain how the flexible budget is a more precise measure of performance than a static budget. Be specific