manufincrupiteg: Excel Fixed overhead costs per month are supervision $4,000, depreciation $1,200, and property taxes $20 The company believes it will normally operate in a range of 7,000-10,000 direet labor hours per moes Instructions Prepare a monthly manufacturing overhend flexible budget for 2020 for the expected range of activity. using increments of 1,000 direct labor hours. E10.4 (LO 2), AN Writing Using the information in E10.3, assume that in July 2020, Myers Coenpes incurs the followine manufacturing overhead costs. Excel Instructions a. Prepare a flexible budget performance report, assuming that the company worked 9,000 direct lbbes hours during the month. b. Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labes hours during the month. c. Comment on your findings