Exercise 23-04 a-b (Video) Sheffield Company es a flexible budget for macturing overhead based on drect labor hours. Variable manufacturing overhead costs per direct labor hour are as follow Irrect stor $1.30 Indirect materials 0.0 0:30 Pued overhead costs per month we Supervision $4. Joo, Depreciation $2,000, and Property Taxes 5600. The company believes will normally operate in a range of 6,100-10,000 dead house Assume that in Xuly 2020, Sheffield Company cats the following manufacturing overticad costs Variable costs Fixed Costs Indirect labor 511,050 Supervision 54,300 Indirect materials 6.790 Depreciation 2.000 2:180 Property taxes 600 () Prepare a flexible budget performance report, assuming that the company worked 3.700 direct laborun during the month (tint variable costs before SHEFFIELD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Datference Favorable Unfavorable Neither Budget Actual Costs morable * to search Help 1 System Announcements SHEFFIELD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable 3 > > 5 > (1) Prepare a flexible budget performance report, assuming that the company worked 8,100 direct labor hours during the month. (List variable costs before fixed.com SHEFFIELD COMPANY Manufacturing Overhead Flexible Budget Report o June Helal System Announcements (6) Prepare a flexible budget performance report, assuming that the company worked 8,100 direct labor hours during the month. (tist variable costs before lined casts. SHEFFIELD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable $ $