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 0.60 Utilities 0.40 Fixed overhead costs per month are Supervision $4,200, Depreciation $1.500, and Property Taxes $700. The company believes it will normally operate in a range of 6,700-9700 direct labor hours per month Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $9.370 Supervision $4.200 Indirect materials Depreciation 1,500 Utilities 3,050 Property taxes 700 5.040 (a) Prepare a flexible budget performance report, assuming that the company worked 8,700 direct labor hours during the month (List variable costs before foed costs) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 (b) Prepare a flexible budget performance report, assuming that the company worked 8, 100 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 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs