CALCULATOR PRINTER VERSION BACK NEXT Exercise 22-10 Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Costs Indirect materials $11,000 Supervisory salaries $35,000 Indirect labor 10,000 Depreciation 6,000 Utilities 7,000 Property taxes and insurance 7,000 Maintenance 5,500 Maintenance 4,000 Actual variable costs were Indirect materials $14,500, indirect labor $9,200, utilities $9,000, and maintenance $4,500. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,200. 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.) CHUBBS INC Manufacturing Overhead Flexible Budget Report For the Quarter Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable Actual Der Unfavorable Variable Costs Indirect Labor 11000 Indirect Labor 10000 Utilities 7000 Maintenance 5500 Total Variable Costs Fixed Costs Supervisory Salaries 35000 Depreciation 6000 Property Taxes and Insurance 7000 CALCULATOR PRINTER VERSION BACK NEXT Supervisory Saianes 35000 Depreciation 6000 Property Taxes and Insurance 7000 Maintenance 4000 Total Fixed Costs Total Costs (b) Prepare a responsibility report for the first quarter. CHUBBS INC. Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable wer Unfavorable Controllable Cests Budget Actual Indirect Materials 11000 Indirect Labor 1000 Utilities 7000 Maintenance 5500 Supervisory Salaries 35000 Click if you would like to show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT VIDEOSIMILAR EXERCISE Question Attempts: 0 of 3 used