Question 3 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. x study Indirect labor Indirect materials Utilities $1.20 0.80 0.30 Fixed overhead costs per month are Supervision $3,700, Depreciation $1,90o, and Property Taxes $600. The company belleves it will normally operate in a range of 8,500-14,200 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor Indirect materials Utilities 14,560 Supervisiorn 9,670 Depreciation 3,220 Property taxes $3,700 1,900 600 (a) Prepare a flexible budget performance report, assuming that the company worked 12,300 direct labor hours during the month. (List variable costs before fixed costs.) Manufacturing Overhead Flexible Budget Repart For the Month Ended July 31, 2017 Budget Actual Cests