Business, 05.05.2020 05:16 sssssaaaaaddddd5712

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 $1.40 Indirect materials 0.80 Utilities 0.30 Fixed overhead costs per month are Supervision $3,600, Depreciation $1,300, and Property Taxes $700. The company believes it will normally operate in a range of 6,300–9,300 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $11,410 Supervision $3,600 Indirect materials 6,540 Depreciation 1,300 Utilities 2,030 Property taxes 700 (a) Prepare a flexible budget performance report, assuming that the company worked 8,300 direct labor hours during the month.

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Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variabl...

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