Marigold Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows.

Marigold Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows. $1.00 Indirect labor Indirect materials 0.70 Utilities 0.40 Budgeted fixed overhead costs per month are Supervision $3,760, Depreciation $1.128, and property Taxes $752. The company believes it will normally operate in a range of 6,580-9,400 direct labor hours per month. Assume that in July 2022, Marigold Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs $8,272 Supervision Indirect labor Indirect materials Utilities $3,760 1,128 5,452 Depreciation 3,008 Property taxes 752 (a) Prepare a flexible budget performance report, assuming that the company worked 8.460 direct labor hours during the month. (List variable costs before fixed costs.) (a) Prepare a flexible budget performance report, assuming that the company worked 8,460 direct labor hours during the month. (List variable costs before fixed costs.) MARIGOLD COMPANY Manufacturing Overhead Flexible Budget Report Differe Favor: Unfavo Neither Fa nor Unfa Budget Actual Costs > $ $ $ > >