10.4 A& B only

geted and actual amounts by month and fr the year to date. b. What is the purpose of the report prepared in (a), and who would be the primary recipient? c. What would be the likely result of management's analysis of the report? turing E10.3 (LO 2), AP 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. Excel Indirect labor Indirect materials Utilities $1.00 0,70 0.40 Fixed overhead costs per month are supervision $4,000, depreciation $1,200, and property taxes $800. The company believes it will normally operate in a range of 7,000-10,000 direct labor hours per month. Instructions Prepare a monthly manufacturing overhead flexible budget for 2020 for the expected range of activity, using increments of 1,000 direct labor hours. orts for Osts, and E10.4 (LO 2), AN Writing Using the information in E10.3, assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Excel Indirect labor $8,800 Supervision Depreciation Property taxes $4,000 Indirect materials 5,800 3,200 1,200 800 Utilities Instructions a. Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month. b. Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month. c. Comment on your findings. E10 5(LO 31Ap Fell