Exercise 23-03 Your answer is partially correct. Try again Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead cost per direct labor hour are as follows $1.10 Indirect labor Indirect materials Utilities 0.70 Fixed overhead costs per month are Supervision $3,600, Depreciation $1,800, and Property Taxes $800. The company believes it will normally operate in a range of 7,700-11.000 direct labor hours per month Prepare a monthly manufacturing overhead flexible budget for 2020 for the expected range of activity, using increments of 1,100 direct labor hours. (List variable costs before fred costs) MYERS COMPANY Monthly Manufacturing Overhead Flexible Budget For the Year 2020 Activity Level Direct Labor Hours EO Variable costs ties Indirect Labor Indirect Materials TTotal Variable Costs TFixed Costs Supervision DI DIO. Property Taxes Depreciation T Total Fixed Costs T Total Costs Click if you would like to Show Work for this question: Open Show Work