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ES BACK Exercise 24-4 Myers Company Indirect labor Indirect materials Utilities uses a flexible budget for manufacturing overhead based on direct abor hours. Varlable manufacturing overhead costs per direct labor hour are as follows hours. $1.10 0.70 0.40 Fixed overhead costs per month are Supervision $4, hours per month. 100, Depreciation $2,000, and Property Taxes $500. The company believes it will normally operate in a range of 7,100-12,800 direct labor Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs Variable Costs Fixed Costs Indirect labor Indirect materials Uzilities $11,710 Supervision 7,460 Depreciation 3,860 Property taxes $4,100 2,000 500 (a) Prepare a flexible budget performance report, assuming that the company worked 10,900 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, 2017 Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs assuming that the company worked 10,300 direct labor hours during the manth. (List variable costs before fixed costs.) MYERS COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs

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