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

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Accounting

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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. Fixed overhead costs per month are Supervision $4,000, Depreciation $1,200, and Property Taxes $800. The company believes it will normally operate in a range of 7,00010,000 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. (a) Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month. (List b) Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month. (List ariable costs before fixed costs.)

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