Myers Compary uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows: 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 6,7009,700 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs: (a) Prepare a flexble budget performance report, assuming that the company worked 8,700 direct labor hours during the month, (List variable costs before fixed costs) Question 3 of 5 114 MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Differer Favorat Unfavor: Neither Fav Budget Actual costs nor Unfave s $ 5 MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable Question 3 of 5 /14