Swifty 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 0.60 0.30 Fixed overhead costs per month are Supervision $3,600, Depreciation $1,200, and Property Taxes $800. The company believes it will normally operate in a range of 8,500-14,200 direct labor hours per month. Assume that in July 2020, Swifty Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $14,510 Supervision $3,600 Indirect materials 7,180 Depreciation 1.200 Utilities 3,260 Property taxes 800 Question 1 of 3 1.35/3 III E (b) Prepare a flexible budget performance report, assuming that the company worked 11,800 direct labor hours during the month. (List variable costs before foxxed costs.) : SWIFTY COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Budget Actual Costs Favorable Unfavorable Neither Favorable nor Unfavorable Differe Question 1 of 3 1.35/3 E : eTextbook and Media Safor Lates Attempts: 1 of 3used mit An MacBook Air