Myers company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hours are as follows.

Question 2 View Policies Current Attempt In Progress 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 materials 0.70 Utilities 0.30 Fixed overhead costs per month are Supervision 54.100, Depreciation $1,000, and Property Taxes $800. The company believes it will normally operate in a range of 7,200-13.200 direct labor hours per month Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs Variable Costs Fixed Costs Indirect labor $10,940 Supervision 54.100 Indirect materials 7,640 Depreciation 1.000 Uties 2.950 Property taxes 800 (a) Prepare a flexible budget performance report, assuming that the company worked 11,200 direct labor hours during the month. (List variable costs before fund 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 > $ $ v >