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Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable...

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Accounting

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 $ 1.40 Indirect materials 0.80 Utilities 0.30 Fixed overhead costs per month are Supervision $ 3,800 , Depreciation $ 1,700 , and Property Taxes $ 500 . The company believes it will normally operate in a range of 7,400 11,600 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $ 14,010 Supervision $ 3,800 Indirect materials 8,030 Depreciation 1,700 Utilities 2,650 Property taxes 500 b) 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.)

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