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 Indirect labor Indirect materials Utilities 51.10 0.90 0.40 Foved overhead costs per month are Supervision $4.200. Depreciation $1.900 and Property Taxes $900. The company believes it will normally operate in a range of 7000-12.400 direct labor hours per month Assume that in July 2020. Myers Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor 511210 Indirect materials 9,220 Utilities 3740 Fixed Costs Supervision $4,200 Depreciation 1.900 Property taxes 900 (a) Prepare a fiecble budget performance report, assuming that the company worked 10,400 direct labor hours during the month Last variable costs before fixed costs) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Faveral nor Unfavorab Budget Actual Costs to prepare a fete budget performance reporting that the company word 800 direct labor hours during the month hut variable cost before we cous) (b) Prepare a exible budget performance report assuming that the comarty worked 9.00 direct labor hours during the month List variable costs before found 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 5 Attempts of use