Question 10 of 15 > -71 View Policies Current Attempt in Progress 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 $1.10 Indirect materials 0.50 Utilities 0.40 Fixed overhead costs per month are Supervision $3,900. Depreciation $1,100, and Property Taxes $700. The company believes it will normally operate in a range of 5,900-9,800 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $9,050 Supervision $3,900 Indirect materials 4,070 Depreciation 1,100 Utilities 2.990 Property taxes 700 (a) Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month. (List variable costs before fixed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Dif Fai Unfi Neithe nor UI Budget Actual Costs $ $ $ $ $ $ (b) Prepare a flexible budget performance report, assuming that the company worked 7,800 direct labor hours during the month. (List variable costs before fixed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Dif Fai Unfi Neithe nor Ui Budget Actual Costs > > $ $ $ > > > $ $ Favo Unfav Neither nor Unf Budget Actual Costs $ $ $ Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs $ $ $