Swifty Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.00 Indirect materials 0.70 Utilities 0.40 Fixed overhead costs per month are Supervision $4,880, Depreciation $1,464, and Property Taxes $976. The company believes it will normally operate in a range of 8,540-12,200 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2025 for the expected range of activity, using increments of 1,220 direct labor hours. (List variable costs before fixed costs.)

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In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

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