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 $140 Indirect labor Indirect materials 0.80 Utilities 0.30 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 6,300-9,300 direct labor hours per month Assume that in July 2020. Myers Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor $11.410 Fixed Costs Supervision $3,600 Depreciation 1.300 Property taxes 700 Indirect materials 6540 Utilities 2,030 (a) Prepare a flexible budget performance report, assuming that the company worked 8,300 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 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs (b) Prepare a flexible budget performance report, assuming that the company worked 7.500 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 Differ Favori Unfavo Neither Fa nor Unfai Budget Actual Costs $ $ $ *