Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead
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Question:
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
Fixed overhead costs per month are Supervision $
Depreciation $ and property taxes $The company believes it will normally operate in a range of direct labor hours per month. Assume that in July MYERS COMPANY incurs the following manufacturing overhead cost. Variable Cost Indirect labor Indirect Materials Utilities Fixed Costs Supervision Depreciation Property taxes a prepare a flexible budget performance report, assuming that the company worked direct labor hours during the month. List variable costs before fixed costs.
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