Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead costs for March. WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units Costs Indirect materials Indirect labor Utilities Maintenance Salaries Depreciation Property taxes Insurance Janitorial Total costs 117,000 $5,836 12,846 11,731 8,168 41,200 16,400 3,200 1,100 1,300$101,781 Waterways produced 117,000 units in March rather than the budgeted number of units. (a) Prepare a flexible overhead budget based on the following amounts produced. (Hint: Indirect materials, indirect labor, utilities, and maintenance are variable costs. The other budseted costs are foxed costs.) (Round unit conts to 2 decimal ploces, es. 2.25 , List variabie costs before foued costs) (1) 114,000 units (2) 115,000 units (3) 116,000 units (4) 117,000 units (5) 118,000 units -Thethonl and bidila WATERWAYS COPPORATION facturing Overhed Flexible Budget. For the Manth of March 5 5 3 1. 1. 5 5 A Tectoook and Media