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Exercise 10-4 Myers Company uses a flexibl Indirect labor Indirect materials Utilities e budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows $1.00 0.90 0.40 Fixed overhead costs per month are Supervision $3,700, Depreciation $1,700, and Property Taxes $800. The company believes it will normally operate in a range of 5,700- 9,300 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs Variable Costs Fixed Costs $3,700 Indirect labor Indirect materials Utilities $7,870 Supervision 7,120 Depreclation 2,780 Property taxes 1,700 800 (a) Prepare a flexible budget performance costs.) report, assuming that the company worked 8,100 direct labor hours during the month.(List variable costs before fixed the company MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Actual Costs Budget Version 4.24.82