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 126,000 Budgeted costs Indirect materials $6,300 Indirect labor 15,120 Utilities 12,600 Maintenance 8,820 Salaries 40,200 Depreciation 16.100 Property taxes 2,800 Insurance 1.200 Janitorial 1,300 Total budgeted costs $104,440 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 127,000 Costs Indirect materials $6,334) Indirect labor 15.217 Utilities 12,731 Maintenance 8,868 Salaries 40,200 Depreciation 16,100 Property taxes 2.800 Insurance 1,200 Janitorial 1,300 Depreciation 16,100 Property taxes 2,800 Insurance 1,200 Janitorial 1,300 Total costs $104,750 Waterways produced 127,000 units in March rather than the budgeted number of units. X Your answer is incorrect. 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, eg. 2.25. List variable costs before fixed costs.) (1) 124,000 units (2) 125,000 units (3) 126,000 units (4) 127,000 units (5) 128,000 units Indirect Materials WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March 100 0000000 00000 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.) A WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget Report For the Month of March Budget Actual Fav Unfa Neither nor Un 100 ] [ pare a responsibility report for the manufacturing overhead for March, assuming only variable costs are controllable. WATERWAYS CORPORATION Responsibility Report Manufacturing Overhead For the Month of March Controllable Cost Budget Indirect Materials 6350 Indirect Labor Utilities Actual Favorat Unfavora Neither Fav nor Unfavo 6336 14 Fav 16510 16484 26 Fav 12700 12730 30 Unfi Maintenance 8890 8872 18 Fave 44450 44422 28 Fave