Question 1 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. Indirect labor Indirect materials Utilities $1.00 0.70 0.30 Fixed overhead costs per month are Supervision $3,600, Depreciation $1,700, and Property Taxes $600. The company believes it will normally operate in a range of 5,600-11,000 direct labor hours per month Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs $8,970 Supervision Indirect labor Indirect materials Utilities 6,240 Depreciation 2,320 Property taxes $3,600 1,700 600 (a) Prepare a flexible budget performance report, assuming that the company worked 9,200 direct labor hours during the month. (List variable costs before fixed costs.)