Prepare flexible manufacturing ouerhead budget Meyers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. $1.00 Indirect labor Indirect materials Utilities 0.70 0.40 Fixed overhead costs per month are supervision $4,000, depreciation, $1,200, and property taxes $800. The company believes it will normally operate in a range of 7,000 - 10,000 direct labor hours per month Using the information above, assume that in July 2017, Meyers Company incurs the following manufacturing overhead costs. Variable Costs $ Indirect labor 8,800 Indirect materials 5,800 Fixed Costs $ Supervision 4,000 Depreciation 1,200 Utilities 3,200 Property taxes 800 Instructions (a)Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month. (b)Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month. (a) Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month