Question 4 of 16

Question 4 of 16 View Policies Current Attempt in Progress - / 20 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 $1.10 0.60 0.40 Fixed overhead costs per month are Supervision $4,400, Depreciation $1,600, and Property Taxes $900. The company believes it will normally operate in a range of 6,500-11,300 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 $10,430 5,680 3,460 Fixed Costs Supervision Depreciation Property taxes $4,400 1,600 900 (a) Prepare a flexible budget performance report, assuming that the company worked 9,700 direct labor hours during the month. (List variable costs before fixed costs.)