Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable...
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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, 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 hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. (a) Prepare a flexible budget performance report, assuming that the company worked 10, 900 direct labor hours during the month. (b) Prepare a flexible budget performance report, assuming that the company worked 10, 300 direct labor hours during the month
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