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CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Coronado Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data.
CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Coronado Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials Indirect labor Utilities Maintenance $36,700 6,100 7,400 4,900 11,100 11,000 Depreciation supervisory salaries 7,700 5,500 Property taxes and insurance Maintenance Actual variable costs were indirect materials $14,800, indirect labor $9,200, utilities $9,300, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,400. 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 fiexible budget report for the first quarter. (List variable costs before fixed costs.) CORONADO INC. Manufacturing Overhead Flexible Budget Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN (b) Prepare a responsibility report for the first quarter. CES CORONADO INC. Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Controllable Costs Budget Actual dy Click if you would like to Show Work for this question: Open Show Work
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