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Sheridan, Inc. uses a fiexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Fixed overhead

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Sheridan, Inc. uses a fiexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Fixed overhead costs per month are: The compamy believes it will normally operate in a range of 4,700 to 8,700 machine hours per month. During the month of Ausust, 2022, the company incurs the following manufacturing overhead costs: Prepare a flexible budget report, assuming that the company used 6,700 machine hours during August. (Ust varlable costs before fixed costs)

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