CALCULATOR PRINTER VERSION BACK NEXT Exercise 22-4 (part level submission) Thome 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 Indirect materials Utilities $1.00 0.60 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. Assume that in July 2014, Thome Company incurs the following manufacturing overhead costs. Indirect labor Indirect materials Utilities $4,000 1,200 800 $8,800 Supervision 5,300 Depreciation 3,200 Property taxes (a) Prepare a fiexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month. (List variable costs before fixed costs.) THOME COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2014 Favorable (F) Unfavorable (U) Neither Prnor Policr 1 2000-2016John yynt Sons. Inc. All Rights Reserved. A Division of John wiry Sons.InG Version 4.18.1.4