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. $1.40 Indirect labor Indirect materials Utilities 0.80 0.30 Fixed overhead costs per month are Supervision $3,600, Depreciation $1.300, and Property Taxes $700. The company believes it will normally operate in a range of 6,300 -9,300 direct labor hours per month. Assume that in July 2020. Myers Company incurs the following manufacturing overhead costs Fixed Costs Variable Costs $3,600 Indirect labor $11.410 Supervision 6.540 Depreciation 1.300 700 Indirect materials 2.030 Property taxes Utilities I (b) Prepare a flexible budget performance report, assuming that the company worked 7,500 direct labor hours during ta month. (List variable costs before fixed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Dif. Fav Unfa Neither nor Unt Budget Actual Costs $