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Marigold Inc's manufacturing overhead budget for the first quarter of 2022 contained the following data. Variable Costs Fixed Costs Indirect materials $11.280 Supervisory salaries $33,840
Marigold Inc's manufacturing overhead budget for the first quarter of 2022 contained the following data. Variable Costs Fixed Costs Indirect materials $11.280 Supervisory salaries $33,840 Indirect labor 9,400 Depreciation 6,580 Utilities 7,520 Property taxes and insurance 7,520 Maintenance 5,640 Maintenance 4,700 Actual variable costs were indirect materials $12,690, indirect labor $8,930, utilities $8,178, and maintenance $4,700. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $7,802. 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 Budget Actual $ $ $ (b) Prepare a responsibility report for the first quarter. MARIGOLD INC. Manufacturing Overhead Responsibility Report Controllable Costs Budget Actual $ $ $ $ $
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