Coronado 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 $1.10 0.60 0.40 Flved overhead costs per month are Supervision $3,900, Depreciation $1.200, and Property Taxes $500. The company believes it will normally operate in a range of 7 400-11,300 direct labor hours per month Assume that in July 2020, Coronado Company incurs the following manufacturing overhead costs, Variable Costs Indirect labor $10,730 Indirect materials 5.840 Utilities 3.530 Fixed Costs Supervision $3.900 Depreciation 1.200 Property taxes 500 (a) Prepare a flexible budget performance report, assuming that the company worked 10,000 direct labor hours during the month. (List variable costs before fixed costs.) CORONADO COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Differenc Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Direct Labor Hours Variable Costs 2 Indirect labor $ Indirect Materials Utilities Total Variable Costs : Fred Costi Supervision Depreciation Property Taxes . Total Fixed Costs Total Costs 3 $ (b) Prepare a flexible budget performance report, assuming that the company worked 9,400 direct labor hours during the month. (List variable costs before fixed costs.) CORONADO COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable