Question 3 of 5 < > View Policies -/14 E 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 $1.20 Indirect materials Utilities 0.90 0.40 Fixed overhead costs per month are Supervision $3,600. Depreciation $1,300, and Property Taxes $700. The company believes it will normally operate in a range of 6.000-10.500 direct labor hours per month Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs Variable Costs Fixed Costs Indirect labor $10,530 Indirect materials 7.970 Supervision Depreciation $3,600 1,300 Utilities 3,180 Property taxes 700 (a) Prepare a flexible budget performance report, assuming that the company worked 9.000 direct labor hours during the month, Bust variable costs before fixed costs) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Budget Actual Costs Diffe Fav Unfas Neither nor Uni Question 3 of 5 < > < -/14 1 MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Budget Actual Costs Difference Favorable Unfavorable Neither Favorable nor Unfavorable > > $ $ 13 Question 3 of 5 -/14 1 MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Budget Actual Costs Difference Favorable Unfavorable Neither Favorable nor Unfavorable