Sheridan Co. developed its annual manufacturing overhead budget for its master budget for 2022 as follows: Expected annual operating capacity Variable overhead costs Indirect labor 121,800 Direct Labor Hours $609,000 Indirect materials 121,800 Factory supplies 60,900 Total variable 791,700 Fixed overhead costs Depreciation Supervision Property taxes Total costs 258,000 138,000 114,000 Total fixed 510,000 $1,301,700 The relevant range for monthly activity is expected to be between 9,800 and 12,000 direct labor hours. Prepare a flexible budget for a monthly activity level of 9,800 and 10,800 direct labor hours. (List variable costs before fixed costs.