LALLULATUR PRINTER VERSIUN BACK 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 Utilities $1.10 0.60 0.40 Fixed overhead costs per month are Supervision $4,200, Depreciation $1,500, and Property Taxes $700. The company believes it will normally operate in a range of 6,700-9,700 direct labor hours per month. Assume that in July 2020, Myers Company Incurs the following manufacturing overhead costs. Fixed Costs Variable Costs Indirect labor Indirect materials $9,370 5,040 3,050 Supervision Depreciation Property taxes $4,200 1,500 700 Utilities (a) Prepare a flexible budget performance report, assuming that the company worked 8,700 direct labor hours during the month. (List variable costs before fixed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Direct Labor Hours 8700 T Variable Costs Indirect Labor 11300) 9570 Budget Actual Costs nor Unfavorable Direct Labor Hours 8700 8700 Variable Costs | | Indirect Labor 11300 9570 Indirect Materials 5220 T Utilities 3480 18270 Budget Actual Costs nor Unfavorable DDR DDDD Ben ages