CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT Exercise 10-4 a-b (Video) 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. $1.10 Indirect labor Indirect materials Utilities 0.80 0.40 Fixed overhead costs per month are Supervision $4,000, Depreciation $1,300, and Property Taxes $800. The company believes it will normally operate in a range of 7,600- 10,600 direct labor hours per month Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs Variable Costs Indirect labor Indirect materials Utilities $10,330 7,540 3,350 Fixed Costs Supervision Depreciation Property taxes $4,000 1.300 800 (a) Prepare a flexible budget performance report, assuming that the company worked 9,600 direct laborhon during the month ( ware cost before fred costs) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended Suly 31, 2020 Difference Favorable Neither Favorable Actual Costs (b) Prepare a flexible budget performance report, assuming that the company worked 9,100 direct labor hours during the month. (List variable costs before flixed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Neither Favorable Question Attempts Unlimited