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Exercise 22-4 Myers Company uses a flexible...

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Accounting

Exercise 22-4

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.

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Your answer is partially comect. Try again. 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. $1.10 n direct labo 0.90 Indirect materials Utilities 0.30 Fixed overhead costs per month are Supervision $4,300, Depreciation $1,100, and Property Taxes $800. The company believes it will normally operate in a range of 5,800-10,000 direct labor hours per month Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Fixed Costs Variable Cost Indirect labor $9,260 Supervision $4,300 7,590 Depreciation Indirect materials 1,100 Utilities 2,160 Property taxes 800 (a) 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)

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