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

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Sheridan, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor Indirect materials Maintenance Utilities $5.00 2.50 0.50 0.30 Fixed overhead costs per month are: Supervision Insurance Property taxes Depreciation $1,270 470 670 1,910 The company believes it will normally operate in a range of 4,700 to 8,700 machine hours per month. During the month of August, 2022, the company incurs the following manufacturing overhead costs: Indirect labor Indirect materials $31,490 18,090 Maintenance 3,130 Utilities 2,120 Supervision 1,520 Insurance 470 Property taxes 670 Depreciation 2,000 Prepare a flexible budget report, assuming that the company used 6,700 machine hours during August. (List variable costs before fixed costs.)

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