View Policies Current Attempt in Progress Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead costs for March WATERWAYS CORPORATION Manufacturing Overhead Budget (Static) For the Month of March Budgeted production in units 123,000 Budgeted costs Indirect materials $6,150 Indirect labor 14,760 Utilities 12.300 Maintenance 8,610 Salaries 41,800 Depreciation 17,800 Property taxes 2.700 Insurance 1,100 Janitorial 1,400 Total budgeted costs $106,620 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 124,000 Costs Indirect materials $6,186 Indirect labor 14,855 Utilities 12,429 Maintenance 8,659 Salaries 41,800 Depreciation 17,800 Property taxes 2,700 Insurance 1,100 Janitorial 1,400 Total costs $106,929 Waterways produced 124,000 units in March rather than the budgeted number of units. Prepare a flexible overhead budget based on the following amounts produced. (Hint: Indirect materials, indirect labor, utilitites, and maintenance are variable costs. The other budgeted costs are fixed costs.) (Round unit costs to 2 decimal places, e.g. 2.25. List variable costs before fixed costs.) (1) 121,000 units (2) 122,000 units (3) 123.000 units (4) 124,000 units (5) 125.000 units WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March $ $ WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March $ S $ $ $ Prepare a flexible budget report showing the differences (favorable and unfavorable) in manufacturing overhead costs for the month of March. (List vairble costs before fixed costs.) WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget Report For the Month of March Favorable Unfavorable Neither Favora nor Unfavorab Budget Actual A A A 6A + .