Difference Favorable Unfavorable Neither Favora nor Unfavorab Prepare a responsibility report for the manufacturing overhead for March, assuming only variable costs are controllable. WATERWAYS CORPORATION Responsibility Report Manufacturing Overhead For the Month of March Controllable Costs Budget +A > > > Actual +A $ +A +A $ +A +A Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead costs for March. WATERWAYS CORPORATION Manufacturing Overhead Budget (Static) For the Month of March Budgeted production in units 116,000 Budgeted costs Indirect materials $5,800 Indirect labor 12,760 Utilities 11,600 Maintenance 8,120 Salaries 45,000 Depreciation 16,500 Property taxes 3,000 Insurance 1,300 Janitorial 1,600 Total budgeted costs $105,680 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 117,000 Costs Indirect materials $5,836 Indirect labor 12,845 Utilities 11,727 Maintenance 8,172 Salaries 45,000 Depreciation 16,500 Property taxes 3,000 Insurance 1,300 Janitorial 1,600 Total costs $105,980 Waterways produced 117,000 units in March rather than the budgeted number of units.