Myers Compay uss a floi ble budget for manufacturing overhead based on direct labor haurs. Varlable manutacturing overhead costs per direct labor haur are as follows Indirect labor $1.10 Indirect materials 0.60 Utlitles D.40 Fixed overhead costs per month are Supervision $4,400. Depreciation $1600. and Property Taxes $900 The compary believes it will normaly operate in a range of 6,500-11.300 direct laber hours per month Assume that in July 2017, Myers Company incurs the following manufacturing overhead oosts Variable Casts Fiaed Costs Indirect labor $10430 5unervision $4A00 Indirect materlals S,680 Depredation 1600 Utilities 3460 Property taxes 900 Jal Prepare a flexible budeet performance report, assuming that the oompany worked 9700 direct labor hours during the month (List varlable casts before fwed costs. MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2017 Difference Favorable Unfavarable Neither Fayorable Actual Costs nor Unfavorable Budget $ b) Prepare a flexible budget performance report, assuming that the comparny worked 9.100 direct labor hours during the month. (List variable costs before fxed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs S $