Prepare a flexible budget performance report, assuming that the company worked 11,200 direct labor hours during the month. (List variable costs before fixed costs.) AYAYAI COMPANY Manufacturing Overhead Flexible Budget Report Difference Favorable/Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Not answered %24 %24 %24 ENG %24 %24 %24 Current Attempt in Progress Ayayai 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 $1.20 Indirect materials 0,80 Utilities 040 Fixed overhead costs per month are Supervision $3,600, Depreciation $1,000, and Property Taxes $900. The company believes it will normally operate in a range of 8.000-13.700 direct labor hours per month. Assume that in July 2017. Ayayai Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs $3.600 Indirect labor $13,920 Supervision Indirect materials 9.320 Depreciation 1,000 Utilities 900 4,240 Property taxes Prepare a flexible budget performance report, assuming that the company worked 11,800 direct labor hours during the month. (List variable costs before fixed costs.) AYAYAI COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2017 Difference Favorable/Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs 11800 11800 Direct Labor Hours Variable Costs Indirect Labor 2$ 14160 24 13920 Favorable 240 Indirect Materials 9440 i 9320 120 Favorable Utilities 4720 4240 480 Favorable Total Variable Costs v 28320 27480 840 Favorable Fixed Costs Supervision 3600 3600 Neither Favorable nor Unfavorable v Depreciation 1000 1000 Neither Favorable nor Unfavorable v Property Taxes 900 900 Neither Favorable nor Unfavorable v Tatal Fixed Costs 5500 5500 Neither Favorable nor Unfavorable v Total Costs 33820 %24 32980 840 Favorable %24