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Please Answer all parts. Thank you Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per
Please Answer all parts. Thank you
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. Fixed overhead costs per month are Supervision $4,400. Depreciation $1,600, and Property Taxes $900. The company believes it will normally operate in a range of 6,50011,300 direct labor hours per month Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. (a) Prepare a flexible budget performance report, assuming that the company worked 9.700 direct labor hours during the month. (List variable costs before fixed costs.) 5 5 $ (b) Prepare a flexible budget performance report, assuming that the company worked 9,100 direct labor hours during the month. (List variable costs before fixed costs.) $ $ $ + Step by Step Solution
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