Chubbs Inc.s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Costs Indirect materials $12,000 Supervisory salaries $36,000 Indirect labor 10,000 Depreciation 7,000 Utilities 8,000 Property taxes and insurance 8,000 Maintenance 6,000 Maintenance 5,000 Actual variable costs were indirect materials $13,500, indirect labor $9,500, utilities $8,700, and maintenance $5,000. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. 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.

Exercise 24-10 Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Costs Indirect materials Indirect labor Utilities Maintenance 3,0) 7,000 8,000 5,000 $12,000 Supervisory salaries 10,000 Depreciation 8,000 6,000 Maintenance Property taxes and insurance Actual variable costs were indirect materials $13,500, indirect labor $9,500, utilities $8,700, and maintenance $5,000. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. 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