Concord Inc's manufacturing overhead budget for the first quarter of 2022 contained the following data. Variable Costs Fixed Costs Indirect materials $13,680 Supervisory salaries $41,040 Indirect labor 11,400 Depreciation 7,980 Utilities 9,120 Property taxes and insurance 9,120 Maintenance 6,840 Maintenance 5,700 Actual variable costs were indirect materials $15,390, indirect labor $10,830, utilities $9,918, and maintenance $5,700. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $9,462. 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.) CONCORD INC. Manufacturing Overhead Flexible Budget Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual $ $ (b) Prepare a responsibility report for the first quarter. CONCORD INC. Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Controllable Costs Budget Actual $ $ $ $ Show transcribed image text