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Business, 20.07.2019 00:30 damari9288

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 $1.00 indirect materials 0.70 utilities 0.40 fixed overhead costs per month are supervision $4,200, depreciation $1,800, and property taxes $600. the company believes it will normally operate in a range of 7,000–13,000 direct labor hours per month. assume that in july 2017, myers company incurs the following manufacturing overhead costs. variable costs fixed costs indirect labor $10,760 supervision $4,200 indirect materials 7,520 depreciation 1,800 utilities 3,950 property taxes 600 (a) prepare a flexible budget performance report, assuming that the company worked 11,000 direct labor hours during the month.

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