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Accounting

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Myers Company uses a flexible budget for manufacturing overhead based on directlabor hours. Variable manutacturing overhead costs per direct labor hour are as follows. Fbed overhead costs per monthare Supervision $3,900, Depreciation $1,200, and Property Taxes $500. The company believes it will normally operate in a range of 7,40011,300 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 10.000 direct labor hours during the month. (List variable costs before fixed costs.) Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Favorable Unfavorable Neither Favorabli Budget Actual Costs nor Unfavorable variable costs before fixed costs.)

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