1.(b) Prepare a flexible budget performance report, assuming that the company worked 8,600 direct labor hours during the month.

2.

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. $1.30 0.60 0.30 Indirect labor Indirect materials Utilities Fixed overhead costs per month are supervision $ 4,500 and Property Taxes S 700 il normally operate na an e o Depreciation $ 1,500 The company believes it 610010 500 direct abornou er onth. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs Variable Costs Fixed Costs $11,560 Supervision 4,500 1,500 700 Indirect labor Indirect materials Utilities 5,290 Depreciation 2,280 Property taxes (a) Prepare a flexible budget performance report, assuming that the company worked 9,100 direct labor hours during the month. (List variable costs before fixed costs.) de Company budgeted selling expenses of $29, 100 in January, $34,900 in February, and $39,900 in March. Actual selling expenses were $30,900 in January, $34,420 in February, and $47,700 in Mai Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date. CREDE COMPANY Selling Expense Report For the Quarter Ending March 31 Month Year-to-Date Month Actual anuary 29100 $ 30900 34420 s 47700 1800 Unfavorable 480 Favorable 7800Untavorable 29100 s 0900 1800 Unfavorable 34900 March 39900