2 part question

a) prepare a manufacturing overhead flexible budget report for the first quarter (list variable costs before fixed)

b) prepare a responsibility report for the first quarter

Swifty Incis manufacturing overhead budget for the first quarter of 2022 contained the following data. Actual variable costs were indirect materials $16,470, indirect labor $11,590, utilities $10,614, and maintenance $6,100. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $10,126. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depreciation, and property taxes and insurance. (a) Prepare a manufacturing overhead flexible budget report for the first quarter. (List variable costs before fixed costs.) Difference Favorable Unfavorable Neither favorable Budget Actual nor Unfavorable 5 5 $ (b) Prepore a responsibility report for the first quarter SWIFTY INC. Manufacturing Overhead Flexible Budget Report