Exercise 10-4 -b (Video) Myers 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 0.80 Utilities $1.20 3 0.40 Fixed overhead costs per month are Supervision $3,600, Depreciation $1,000, and Property Taxes $900. The company believes it will normally operate in a range of 8.000-13,700 direct laboru Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable costs Fixed Costs Indirect labor $13,920 Supervision $3,600 Indirect materials 9,320 Depreciation 1,000 Utilities 4,240 Property taxes 900 (a) Prepare a flexible budget performance report, assuming that the company worked 11,800 direct labor hours during the month. (List variable costs before fred costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs ner Unfavorable (b) Prepare a flexible budget performance report, assuming that the company worked 11,200 direct labor hours during the month. (tut variable costs before fixed coats.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable .