Prepare flexible budget reports for manufacturing overhead costs, and comment on findings. (lo 2), an using the information in e22-3, assume that in july 2017, myers company incurs the following manufacturing overhead costs. variable costs fixed costs indirect labor $8,800 supervision $4,000 indirect materials 5,800 depreciation 1,200 utilities 3,200 property taxes 800 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

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?