manufacturing overhead flexible budget report

View Policies Current Attempt in Progress 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 $1.00 Indirect material 0.70 Utilities 0.40 Fued overhead costs per month are Supervision 34200 Depreciation $ 1.800, and Property Taxes $ 600. The company believes it will normally operate in a range of 7.000- 13,000 direct labor hours per month Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs $10.760 Supervision $4,200 Indirect labore Indirect materials Utilities 7.520 Depreciation 1.800 3.950 Property taxes 600 ta) Prepare a fleable budget performance report, assuming that the company worked 11,000 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 Differ Favor Unfavc Neither nor Unta Budget Actual Costs