Question
Chubbs Inc.s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11,600 Supervisory salaries $36,800
Chubbs Inc.s manufacturing overhead budget for the first quarter of 2020 contained the following data.
Variable Costs | Fixed Costs | |||||
---|---|---|---|---|---|---|
Indirect materials | $11,600 | Supervisory salaries | $36,800 | |||
Indirect labor | 11,000 | Depreciation | 7,000 | |||
Utilities | 7,000 | Property taxes and insurance | 7,200 | |||
Maintenance | 5,600 | Maintenance | 4,700 |
Actual variable costs were indirect materials $14,500, indirect labor $9,200, utilities $9,600, and maintenance $4,900. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,600. 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.
can you just fix the wrong answers? the wrong answers are in red
(b) Prebare a responsibilitv rebort for the first auarterStep by Step Solution
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