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 Budgeted costs Indirect materials 129,000 $6,450 Indirect labor 14,190 Utilities 12,900 Maintenance 9,030 Salaries 38,900 Depreciation 15,900 Property taxes 3.200 Insurance 1,100 Janitorial 1,600 Total budgeted costs $103,270 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 130,000 Costs Indirect materials $6,484 Indirect labor 14,276 Utilities 13,027 Maintenance 9,080 Salaries 38,900 Depreciation. 15,900 Property taxes 3.200 Insurance 1,100 Janitorial 1,600 Total costs $103,567 Waterways produced 130,000 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, eg. 2.25. List variable costs before fixed costs.) (1) 127,000 units (2) 128,000 units (3) 129.000 units (4) 130,000 units (5) 131,000 units WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March $ $ WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget Report For the Month of March Budget Actual $ $ Favora Unfavor Neither Fa nor Unfav Prepare 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 Favorable Unfavorab Neither Favor Controllable Cost Budget $ WATERWAYS CORPORATION Responsibility Report Manufacturing Overhead For the Month of March Actual $ Favorable Unfavorabl Neither Favor nor Unfavora