CALCULATOR PRINTER VERSION BACK NEXT Exercise 23-04 a-b (Video) Marigold 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 0.60 Utilities 0.40 Fixed overhead costs per month are Supervision $3,700, Depreciation $1,800, and Property Taxes $600. The company believes it will normally operate in a range of 7,600- 10,900 direct labor hours per month Assume that in July 2020, Marigold Company Incurs the following manufacturing overhead costs. Variable Costs Indirect labor Indirect materials Utilities Fixed Costs $9,570 Supervision 5,720 Deprecation 3,520 Property taxes $3,700 1,800 600 (a) Prepare a flexible budget performance report, assuming that the company worked 9,800 direct labor hours during the month (List variable costs before fixed costs.) MARIGOLD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended Rally 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable Direct Labor Hours 7,600 10,900 - Search O 1 11133 PM 7/6/2000 C Get Hom X C Exercise 2 x C Exercise X C Get Hom x C Myers Ce X c Crede Cox C Get Hom X MSI Most yplus.com/edugen/lt/main.uni Return to Blackboard Weygandt, Financial and Managerial, de Help System Announcements CALCULATOR MARIGOLD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable Direct Labor Hours 7,600 10,900 Variable costs v Indirect Materials 5,720 $ $ Indirect Labor > > > Utilities Total Variable Costs Fored Costs Depreciation > > Supervision Property Taxes > > 3 > > > Utilities Total Variable Costs Fored Costs Depreciation > > Supervision Property Taxes > > 3 >