Usher Music Company uses a flexible budget for overhead based on studio hours, Variable overhead costs per studio hour are as follows: Indirect Labour $ 4.25 Indirect Materials 1.27 Maintenance 0.34 Utilities 0.15 Fixed overhead costs per month are: Supervision $900 Insurance 700 Property Taxes 400 Depreciation 600 The company believes it will normally operate in a range of 2,000 to 4,000 studio hours per month. Instructions Prepare a flexible manufacturing overhead budget for 2,500 studio hours. 10 marks