Sheridan Inc's manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Indirect materials $11,500 Indirect labor 10,900 Utilities 7.300 Maintenance 5.700 Fixed Costs Supervisory salaries Depreciation Property taxes and insurance Maintenance $36,700 6,600 7.900 4,200 Actual variable costs were indirect materials $15,000, indirect labor $9.200, utilities $9.900, and maintenance $4,600. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $9,200. 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.) SHERIDAN INC. Manufacturing Overhead Responsibilit For the Quarter Ended March 31, Controllable Costs Budget Actual $ $ $ $ ility Report 1, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable