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$1.00

Indirect materials0.70

Utilities0.40

Fixed overhead costs per month are Supervision $4200, Depreciation $1800, and Property Taxes $600. The company believes it will normally operate in a range of7000-13000direct labor hours per month.

Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $10760 Supervision $4200 Indirect materials 7520 Depreciation 1800 Utilities 3950 Property taxes 600 (a) Prepare a flexible budget performance report, assuming that the company worked 11000 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 Budget Actual Costs nor UnfavorableDirect Labor Hours V Variable Costs V Indirect Labor V Indirect Materials V Utilities V Total Variable Costs V Fixed Costs V Supervision V l l ' Depreciation V l l ' Property Taxes V Total Fixed C0515 V Total Costs V (b) Prepare a flexible budget performance report, assuming that the company worked 10300 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 Budget Actual Costs nor Unfavorable