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Question 6 of 7 0.64/1 E 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 $1.30 Indirect materials 0.80 Utilities 0.30 Fixed overhead costs per month are Supervision $4,300. Depreciation $2.000, and Property Taxes $600. The company believes it will normally operate in a range of 6,100-10,000 direct labor hours per month Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor $11,050 Indirect materials 6,790 Utilities 2.180 Fixed Costs Supervision $4,300 Depreciation 2.000 Property taxes 600 - (a) Prepare a flexible budget performance report, assuming that the company worked 8.700 direct labor hours during the month. (List variable costs before fixed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 O II E Question 6 of 7 0.64/1 III (b) Prepare a flexible budget performance report, assuming that the company worked 8, 100 direct labor hours during the month. (List variable costs before fixed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Diffe Favi Unfa Neither Budget Actual Costs nor Unl Direct Labor Hours Variable Costs Indirect Labor $ $ Indirect Materials LLL Utilities Total Variable Costs Fored Costs Supervision Depreciation search O E Question 6 of 7

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