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 109,000 Budgeted costs Indirect materials $5,450 Indirect labor 13,080 Utilities 10,900 Maintenance 8,720 Salaries 45,300 Depreciation 16.900 Property taxes 2,700 Insurance 1,200 Janitorial 1,600 Total budgeted costs $105,850 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 110,000 Costs Indirect materials $5,484 Indirect labor 13.177 Utilities 11.028 Maintenance 8,782 Salaries 45,300 Depreciation 16,900 Property taxes 2,700 Insurance 1,200 Janitorial 1,600 Total costs $106,171 Waterways produced 110,000 units in March rather than the budgeted number of units. 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.) Budget Production in Units Variable Costs 110000 WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget Report For the Month of March Actual 110000 Fa Unf Neithe nor U Indirect Labor 5500 5484 16 Utilities Maintenance Indirect Materials 13200 13177 23 11000 11028 28 8800 8782 18 Total Variable Costs 38500 38471 29 i Fixed Costs Depreciation 45300 45300 Property Taxes 16900 16900 Insurance Janitorial Salaries 2700 2700 1200 1200 1600 1600 Total Fixed Costs 67700 67700 Total Costs i 106200 106171 $ 29