Indirect labor Indirect materials $1.10 0.60 Utilities 0.40 Fixed overhead costs per month are Supervision $4,200, Depreciation $1,500, and Property Taxes $700. The company believes it will normally operate in a range of 6,700 9,700 direct labor hours per month Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor Indirect materials $9,370 5,040 3,050 Fixed Costs Supervision $4,200 Depreciation 1,500 Property taxes 700 Utilities MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Variable Costs Indirect Materials Indirect Labor Utilities Total Variable Costs Supervision Depreciation Property Taxes TotalFeed Costs Total Costs : $ Thi Dua MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs e Textbook and Media