The Kicking Horse Coffee is a coffee roaster located in southern Alberta. The company has been using a static budgeting for reporting their annual results and have budgeted the following data for the month of July: Total machine hours 40,000 Indirect labour $ E 30,000 Indirect materials $ 60,000 Maintenance & Utilities $ 16,000 Supervision $ 4,000 Depreciation $ 9,000 Required: In July, the company used 48,000 machine hours. Actual July results have been provided below. Prepare a flexible budget report by completing the table below. Input your response in the correct box. Also indicate if the differences in the variance are Favourable (F) or Unfavourable (U) or Not Applicable (N/A)