Sinclair Components uses flexible budgeting to control manufacturing overhead. The budget below was prepared for the month ending June 30, 2022:

	Direct Labour Hours
	10,000	11,000	12,000
Indirect materials	$12,000	$13,200	$14,400
Indirect labour	6,000	6,600	7,200
Utilities	2,400	2,640	2,880
Total variable costs	20,400	22,440	24,480
Rent	10,000	10,000	10,000
Depreciation	8,000	8,000	8,000
Insurance	5,500	5,500	5,500
Total fixed costs	23,500	23,500	23,500
Total costs	$43,900	$45,940	$47,980

During the month of June, the company used direct labour hours totalling 11,600 and the following costs were incurred:

Indirect materials $13,200

Indirect labour 16,200

Utilities 2,500

Rent 9,900

Depreciation 7,800

Insurance 5,200

Instructions 10 MARKS

Prepare a flexible budget that could be used for performance evaluation of this company.