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

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Marigold 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 $1.40 0.80 0.30 Fixed overhead costs per month are Supervision $3,800, Depreciation $1,700, and Property Taxes $500. The company believes it will normally operate in a range of 7,400-11,600 direct labor hours per month, Assume that in July 2020, Marigold Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor $14,010 Indirect materials 8,030 Utilities 2,650 Fixed Costs Supervision $3,800 Depreciation 1.700 Property taxes 500 (a) Prepare a flexible budget performance report, assuming that the company worked 10,200 direct labor hours during the month. (List variable costs before fixed costs.) MARIGOLD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Diffe Favorable Unfavorable Neither Favorable MARIGOLD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Diff Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Direct Labor Hours: Variable Costs Indirect Labor $ Indirect Materials Utilities Total Variable Costs : Fixed Costs Supervision Depreciation Property Taces i Total Fixed Costs Total Costs $ $ (b) Prepare a flexible budget performance report, assuming that the company worked 9,700 direct labor hours during the month. (List variable costs before fixed costs.) MARIGOLD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Differ Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable Direct Labor Hours 4 Variable Costs Indirect Labor $ Indirect Materials e Utilities Total Variable Costs Fixed Costs Supervision Depreciation [

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