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 $1.10 Indirect materials 0.90 Utilities 0.30 Fixed overhead costs per month are Supervision $4,300, Depreciation $1,100, and Property Taxes $800. The company believes it will normally operate in a range of 5,80010,000 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs.

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 $1.10 Indirect materials 0.90 Utilities 0.30 Fixed overhead costs per month are Supervision $4,300, Depreciation $1,100, and Property Taxes $800. The company believes it will normally operate in a range of 5,800-10,000 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $9,260 Supervision $4,300 Indirect materials 7,590 Depreciation 1,100 Utilities 2,160 Property taxes 800 (a) 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.) (a) 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, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs (b) Prepare a flexible budget performance report, assuming that the company worked 7,900 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, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs moddadaanan