Question: Using the information in E24-3, assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Instructions (a) Prepare a flexible budget performance

Using the information in E24-3, assume that in July 2017, Myers Company incurs the following manufacturing overhead costs.

Instructions
(a) Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month.
(b) Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month.
(c) Comment on yourfindings.

Variable Costs Fixed Costs Indirect labor Indirect materials Utilities $8,800 Supervision 5,800 Depreciation 3,200 Property taxes $4,000 1,200 800

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