Cheyenne Company uses a flexible budget for manufacturing overhead based on direct labor hours, Budgeted variable manufacturing overhead costs per direct labor hour are as follows. $1.00 Indirect labor Indirect materials Utilities 0.70 0.40 Budgeted fixed overhead costs per month are Supervision $3,520, Depreciation $1.056, and property Taxes $704. The company believes it will normally operate in a range of 6,160-8,800 direct labor hours per month Assume that in July 2022, Cheyenne Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor $7.744 Indirect materials 5.104 Utilities 2,816 Fixed Costs Supervision $3.520 Depreciation 1.056 Property taxes 704 (a) Prepare a flexible budget performance report, assuming that the company worked 7,920 direct labor hours during the month. (List variable costs before fixed costs.) CHEYENNE COMPANY Manufacturing vorhand Florihin Rudal nom (a) Prepare a flexible budget performance report, assuming that the company worked 7 920 direct labor hours during the month. (List variable costs before fixed costs.) CHEYENNE COMPANY Manufacturing Overhead Flexible Budget Report Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs $ 111 80 389 go D DD 70 . FS F& FM $ % > ) # 3 * & 7 2 4 5 6 8 9 W E R T