*Exercise 10 10 (Video) Chubbs Inc.'s manufacturing overhead budget for the first quarer of 202C contained the following data. Variable Costs Fixed Costs Indirect materials 0 $35,700 salaries Indirect 10,400 Depreciation 7,100 $12,000 Supervisory Lilit es 7,400 Party 7,000 taxes ard irisuranca 5,650 Maintenance Vairlanarce 4,500 Actual ver a la vosks were indirect materials 514,50C, indirect labo 9,600, utilities $9.900, and maintenance 55,000. Actual fixed custs atualed bucgeted costs except for propery taxes ard insurance, which were $9,100. The actual activity level equaled the budgeted level. All casts are con dered aontrollable by the pracustion depatment Manage except for depreciation, and aroperty taxes and nsuranse. (a) Prepare a menufacturing overhead lexibla bucket report for the first quarter. (List variable costs before fixed costs.) CHUBBS 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 rasporsibility report for the fis quater. CHUBBS INC Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable Controllable Costs