Swifty Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.00 0.70 0.40 Budgeted fixed overhead costs per month are Supervision $4,880, Depreciation $1,464, and property Taxes $976. The company believes it will normally operate in a range of 8,540-12,200 direct labor hours per month Assume that in July 2022, Swifty Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $10,736 Supervision $4.880 Indirect materials 7.076 Depreciation 1,464 Utilities 3.904 Property taxes 976 (a) Prepare a flexible budget performance report, assuming that the company worked 10,980 direct labor hours during the month. (List variable costs before fixed costs.)

(b) Prepare a flexible budget performance report, assuming that the company worked 10,370 direct labor hours during the month. (List variable costs before fixed costs.) $ $ $ (a) Prepare a flexible budget performance report, assuming that the company worked 10,980 direct labor hours during the month. (List variable costs before fixed costs.) SWIFTY COMPANY Manufacturing Overhead Flexible Budget Report For the Year Ended July 31, 2022 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable Direct Labor Hours Variable Costs $ $$ Utilities Total Variable Costs Fixed Costs Supervision Depreciation Property Taxes Swifty Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows. Budgeted fixed overhead costs per month are Supervision $4,880, Depreciation $1,464, and property Taxes $976. The company believes it will normally operate in a range of 8,54012,200 direct labor hours per month. Assume that in July 2022, Swifty Company incurs the following manufacturing overhead costs. (a) Prepare a flexible budget performance report, assuming that the company worked 10,980 direct labor hours during the month. (List variable costs before fixed costs.)