0.70 Indirect materials Utilities 0.40 Fixed overhead costs per month are Supervision 54,200, Depreciation 1,800, and Property Taves 5600. The company belleves it will normally operate in a range of 7.000-13.000 direct labor hours per month Assume that in July 2020. Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor Supervision 54.200 Indirect materials 7.520 Depreciation 1.800 Utilities Property taxes $10,760 3,950 600 (a) Prepare a flexible budget performance report, assuming that the company worked 11.000 direct labor hours during the month. (List variable costs before fond costs) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Budget Actual Costs Nel no $ $ (b) Prepare a fiexible budget performance report, assuming that the company worked 10,300 direct labor hours during the month. (List variable costs before find costs) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs $ > Myers 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 $4,200, Depreciation $1,800, and Property Taxes $600. The company believes it will normally operate in a range of 7,000-13,000 direct labor hours per month Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Supervision $4,200 Indirect labor $10,760 Indirect materials 7.520 1,800 Depreciation Property taxes Utilities 3,950 600