3 0 E R Y A S D G H Z 58.000 2,400 Peware flexible and ports for manufacturinggyechend costs L. James Companyies direct labor hours as their activity Variable overheid costs per OLH Fixed overhead costs per month Indirect labor 52.00 Supervision Indirect material 1.40 Depreciation Utilities 0.80 Property taxes 1.600 The company believes it will normally operate in a range of 7,000 - 10,000 direct labor hours per month Using the information above, assume that in July 2020, L. James Company incurs the following manufacturing overhead costs Variable Costs Fixed Costs Indirect labor 17.600 Supervision $ 8,000 Indirect material 11,600 Depreciation 2.400 Utilities 6.400 Property taxes 1,600 Instructions (a) Prepare a flexible budget performance report, assuming that the company worked 9.000 direct labor hours during the month. L. James COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Budget at 9,000 DLH Actual Costs 9,000 DLH Difference Favorable F Unfavorable U Direct labor hours (DLH) Variable costs Indirect labor Indirect materials Utilities Total variable costs Fixed costs Supervision Depreciation Property taxes Total fixed costs Total costs Tabs 3 w ID) Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month L. James COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Budget at 8,500 DLH Actual Costs 8,500 DLH Difference Favorable F Unfavorable U Direct labor hours (DLH) Variable costs Indirect labor Indirect materials Utilities Total variable costs Supervision Depreciation Property taxes Total fixed costs Total costs lie) Comment on your findings