Exercise 23-10 (Video) Marigold Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs $36,100 6,200 Indirect materials Indirect labor Utilities Maintenance $11,800 10,800 7,800 5,900 Supervisory salaries Depreciation Property taxes and insurance Maintenance 7,500 5,000 Actual variable costs were indirect materials $14,700, indirect labor $9,300, utilities $9,900, and maintenance $4,600. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,500. 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.) MARIGOLD 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 responsibility report for the first quarter. (b) Prepare a responsibility report for the first quarter. MARIGOLD INC. Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Controllable Costs Budget Actual $ $ $ $ $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE