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 Indirect materials Utilities $1.10 0.60 Fixed overhead costs per month are Supervision $3,900, Depreciation 1.200, and Property Taxes $500. The company believes it will normally operate in a range of 7,400-11,300 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs Variable costs Indirect labor $10,730 Indirect materials 5.840 Utilities 3,530 Fixed Supervision $ 3.900 Depreciation 1,200 Property taxes500 Prepare a flexible budget performance report, assuming that the company worked 10,000 direct labor hours during the month.

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 0.60 Indirect materials Utilities 0.40 Fixed overhead costs per month are Supervision $3,900 Depreciation $1,200, and Property Taxes $500. The company believes it will normally operate in a range of 7,400-11,300 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor $10,730 Indirect materials 5,840 Utilities 3,530 Fixed Costs Supervision $3,900 Depreciation 1,200 Property taxes 500 (a) Prepare a flexible budget performance report, assuming that the company worked 10,000 direct labor hours during the month. (List variable costs before fixed costs.) (a) Prepare a flexible budget performance report, assuming that the company worked 10,000 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 Dif Fai Unfi Neithe nor UI Budget Actual Costs $ Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs $ $ (b) Prepare a flexible budget performance report, assuming that the company worked 9,400 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 Dif Fai Unfi Neithe nor UI Budget Actual Costs