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DER Plaston (QUIZ) - Chapters 9-12 > Question 3 of 7 -/3 View Policies Current Attempt in Progress 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 $1.10 Indirect materials 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 Fixed Costs Indirect labor $9,370 Supervision $4,200 Indirect materials 5.040 Depreciation 1,500 Utilities 3,050 Property taxes 700 (a) Prepare a flexible budget performance report, assuming that the company worked 8.700 direct labor hours during the month. (List variable costs before fuxed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Re Chapters 9-12 Question 3 of 7 -/3 Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs $ > I