Answered step by step
Verified Expert Solution
Question
1 Approved Answer
View Policies Current Attempt in Progress Marigold Inc.'s manufacturing overhead budget for the first quarter of 2022 contained the following data, Variable Costs Fixed Costs
View Policies Current Attempt in Progress 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 Maintenanje 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 $ 7802. 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 Difference icole budget report for the first quarter. List variable costs before and costs MARIGOLD INC. Manufacturing Overhead Flexible Budget Report Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual $ (b) Prepare a responsibility report for the first quarter MARIGOLD INC. Manufacturing Overhead Responsibility Report MARIGOLD INC. Manufacturing Overhead Responsibility Report Differenc Favorable Unfavorab Neither Favo nor Unfavor Controllable Costs Budget Actual $ 1 $ Textbook and Media View Policies Current Attempt in Progress 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 Maintenanje 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 $ 7802. 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 Difference icole budget report for the first quarter. List variable costs before and costs MARIGOLD INC. Manufacturing Overhead Flexible Budget Report Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual $ (b) Prepare a responsibility report for the first quarter MARIGOLD INC. Manufacturing Overhead Responsibility Report MARIGOLD INC. Manufacturing Overhead Responsibility Report Differenc Favorable Unfavorab Neither Favo nor Unfavor Controllable Costs Budget Actual $ 1 $ Textbook and Media
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started