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.
Your answer is partially comect. Try again. 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. $1.10 n direct labo 0.90 Indirect materials Utilities 0.30 Fixed overhead costs per month are Supervision $4,300, Depreciation $1,100, and Property Taxes $800. The company believes it will normally operate in a range of 5,800-10,000 direct labor hours per month Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Fixed Costs Variable Cost Indirect labor $9,260 Supervision $4,300 7,590 Depreciation Indirect materials 1,100 Utilities 2,160 Property taxes 800 (a) Prepare a flexible budget performance report, assuming that the company worked 8,600 direct labor hours during the month. (List variable costs before fixed costs)
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