*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 $11,000 Supervisory salaries $35,000 Indirect labor 10,000 Depreciation 6,000 Utilities 7,000 Property taxes and insurance 7,000 Maintenance 5,500 Maintenance 4,000 Actual variable costs were indirect materials $14,500, Indirect labor $9,200, utilities $9,000, and maintenance $4,500. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,200. 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.) Budget Actual Neither Favorable nor Unfavorable 10-6 10-7 10-8 = 10-9 10- 2 10-2 20 17 s by ve . (b) Prepare a responsibility report for the first quarter. -Z -8 CHUBBS INC. Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2020 -- Difference -2 Favorable Unfavorable Neither Favorable nor Unfavorable Controllable Costs Budget Actual nc ed op lon ice Question Attempts: Unlimited ble able moral