Wildhorse, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor $5.00 Indirect materials 2.50 Maintenance 0.80 Utilities 0.30 Fixed overhead costs per month are: Supervision 1.020 Insurance 420 Property taxes 520 Depreciation 1,120 The company believes it will normally operate in a range of 4,200 to 6,200 machine hours per month. Prepare a flexible manufacturing overhead budget for the expected range of activity using increments of 1,000 machine hours. (List variable costs before fixed costs.) The company believes it will normally operate in a range of 4,200 to 6,200 machine hours per month. Prepare a flexible manufacturing overhead budget for the expected range of activity using increments of 1,000 machine hours. (List variable costs before fixed costs.) WILDHORSE, INC. Monthly Flexible Manufacturing Overhead Budget Activity level Machine hours 4,200 5,200 6,200