(LO 2), AN Writing Using the information in E10.3, assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Prepare flexible budget reports for manufacturing overhead costs, and comment on findings. Excel Variable Costs Indirect labor $8,800 Indirect materials 5,800 Utilities 3,200 Fixed Costs Supervision $4,000 Depreciation 1,200 800 Property taxes Instructions a. Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month. b. Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month. c. Comment on your findings.
(LO 2), AN Writing Using the information in E10.3, assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Prepare flexible budget reports for manufacturing overhead costs, and comment on findings. Excel Variable Costs Indirect labor $8,800 Indirect materials 5,800 Utilities 3,200 Fixed Costs Supervision $4,000 Depreciation 1,200 800 Property taxes Instructions a. Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month. b. Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month. c. Comment on your findings.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:E10.4 (LO 2), AN Writing Using the information in E10.3, assume that in July 2020, Myers Company incurs the following
manufacturing overhead costs.
Prepare flexible budget reports for manufacturing overhead costs, and comment on findings.
Excel
Instructions
Variable Costs
Indirect labor
$8,800
Indirect materials 5,800
Utilities
3,200
Fixed Costs
Supervision
Depreciation
Property taxes
$4,000
1,200
800
a. Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the
month.
b. Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the
month.
c. Comment on your findings.
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