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		$1.30
Indirect materials		0.60
Utilities		0.30

Fixed overhead costs per month are Supervision $4,500, Depreciation $1,500, and Property Taxes $700. The company believes it will normally operate in a range of 6,10010,600 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs.

Variable Costs				Fixed Costs
Indirect labor		$11,560		Supervision		$4,500
Indirect materials		5,290		Depreciation		1,500
Utilities		2,280		Property taxes		700

(b) Prepare a flexible budget performance report, assuming that the company worked 8,600 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 Neit Budget Actual Costs noi Direct Labor Hours 8600 8600 Variable Costs Indirect Labor $ 11180 i $ 11560 $ -380 Indirect Materials 5160 i 5290 i -130 i Utilities 2480 2280 i 200 Total Variable Costs 18820 19130 i -310 Fixed Costs Supervision 4500 i 4500 i 0