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ANSWER 1A and B complete and correct for immediate thumbs up Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours.
ANSWER 1A and B complete and correct for immediate thumbs up
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. Fixed overhead costs per month are Supervision $4,300. Depreciation $1,100, and Property Taxes $800. The company believes it will normally operate in a range of 5,80010,000 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. (a) Prepare a flexible budget performance report, assuming that the company worked 8,600 direct labor hours during the month. (List variable costs before fixed costs.) (b) Prepare a flexible budget performance report, assuming that the company worked 7,900 direct labor hours during the month, (List variable costs before fixed costs.) Step by Step Solution
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