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Concord Company uses a flexible budget for manufacturing overhead based on direct labor hours, Budgeted variable manufacturing overhead costs per direct labor hour are as

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Concord 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. Budgeted fived overhead costs per month are Supervision $4,560, Depreciation $1,368, and property Taxes $912. The compary believes it will normally operate in a range of 7,98011,400 direct labor hours per month. Assume that in July 2022, Concord Company incurs the followine minufacturing overhead costs. (a) Prepare a flexible budget performance report, assuming that the company worhed 10260 direct labor hours during the month. (List variable costs befare fived costs) CONCORD COMPANY Manufacturing Overhead Flexible Budget Report Favt Unfan Neither Budget Actual Costs nor UnI 5 5 5 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable CONCORD COMPANY Manufacturing Overhead Flexible Budget Report Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable

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