Exercise 10-10 (Video) Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data Variable Costs Fixed Costs Indirect materials Indirect labor Utilities Maintenance $36,800 6,100 7,000 5,200 $11,400 Supervisory salaries 11,000 Depreciation 7,700 5,900 Property taxes and insurance Maintenance Actual variable costs were indirect materials $14,700, indirect labor $9,300, utilities $9,100, and maintenance $4,500. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $9,000. 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.) CHUBBS INC. Manufacturing Overhead Flexible Budget Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual