Sheridan Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data Variable Costs Fixed Costs Indirect $11,500 Supervisory salaries $36,700 materials 10,900 Depreciation Indirect labor 6,600 Property taxes and Utilities 7,300 7,900 insurance Maintenance 5,700 Maintenance 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 SHERIDAN INC. Manufacturing Overhead Flexible Budget Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable Variable Costs Indirect Materials Unfavorable 15000 11500 3500 Indirect Labor Favorable 9200 1700 10900 Utilities Unfavorable 7300 9900 2600 Maintenance Favorable 5700 1100 4600 Unfavorable Total Variable Costs 35400 38700 3300 Fixed Costs Neither Favorable nor Unfavorable Supervisory Salaries 36700 36700 Neither Favorable nor Unfavorable Depreciation 6600 6600 Property Taxes and Insurance Unfavorable 1300 7900 9200 Neither Favorable nor Unfavorable Maintenance 4200 4200 0 Unfavorable Total Fixed Costs 55400 56700 1300 $ $ $ Unfavorable Total Costs 95400 4600 90800 SHERIDAN INC. Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable Controllable Costs Budget Actual nor Unfavorable $ $ Unfavorable Indirect Materials 15000 3500 11500 Favorable Indirect Labor 10900 9200 1700 Unfavorable Utilities 7300 9900 2600 Favorable Maintenance 4600 5700 1100 Neither Favorable nor Unfavorable Supervisory Salaries 36700 36700 0 $ $ Unfavorable 75400 72100 8900