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Exercise 10-10 (Video) Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Varlable Costs Fixed Costs $37,000 6,000 7,400

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Exercise 10-10 (Video) Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Varlable Costs Fixed Costs $37,000 6,000 7,400 5,000 Indirect materials $11,300 Supervisory salaries indirect labor Utilties Maintenance 10,800 Depreciation 7,200 5,900 Maintenance Property taxes and insurance Actual variable costs were indirect materials $14,600, indirect labor $9,400, utilities $9,600, and maintenance $5,100. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,700. The actual activity level equaled the budgeted level. costs are consderha controllable by the prodcton department manager except for depreciation, and property taxes and insurance. (a) Prepare a manufacturing overhead fiexible budget report for the first quarter. (List variable costs before fixed costs.) ady Manufacturing Overhead Flexible Budget Report For the Quarter Ended March 31, 2020 Favorable Neither Faverable All Rights Reserved. A Division of 2shn w&s. Inc Version 424.108

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