Exercise 182 Cody Co. developed its annual manufacturing overhead budget for its master budget for 2019 as follows: Expected annual operating capacity Variable overhead costs 120,000 Direct Labor Hours Indirect labor Indirect materials Factory supplies $600,000 120,000 60,000 780,000 Total variable Fixed overhead costs Depreciation Supervision Property taxes 240,000 120,000 96,000 456,000 $1,236,000 Total fixed Total costs The relevant range for monthly activity is expected to be between 8,000 and 12,000 direct labor hours Prepare a flexible budget for a monthly activity level of 8,000 and 9,000 direct labor hours. (List variable costs before fixed costs.)