Question 10 of 15 -/1 E 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 Indirect materials Utilities $1.30 0.60 0.30 Fixed overhead costs per month are Supervision $4,500, Depreciation $1.500, and Property Taxes $700. The company believes it will normally operate in a range of 6,100-10,600 direct labor hours per month. Assume that in July 2020. Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $11.560 Supervision $4,500 Indirect materials 5,290 Depreciation 1,500 Utilities 2.280 Property taxes 700 Type here to search RI 2/1 Question 10 of 15 -/1 MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorabl nor Unfavorable Budget Actual Costs $ Type here to search O BI work Question 10 of 15 -/1 $ $ $ $ $ pe here to search O BI 8:20 PM 2/16/202 nework Question 10 of 15 -/1 lii (b) Prepare a flexible budget performance report, assuming that the company worked 8,600 direct labor hours during the month. (List variable costs before fixed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs hs $ $ Type here to search O II E HD rk estion 10 of 15 -/1 I $ $ $ Save for Later Attempts: 0 of 3 used Submit Answer ere to search o