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 108,000 Budgeted costs Indirect materials $5,400 Indirect labor 12,960 Utilities 10,800 Maintenance 6,480 Salaries 40,700 17,900 Depreciation Property taxes Insurance 2,800 1,300 Janitorial 1,400 Total budgeted costs $99,740 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 109,000 Costs Indirect materials $5,436 Indirect labor Utilities 13,053 10,929 6,522 40,700 Maintenance Salaries 17,900 Depreciation Property taxes Insurance 2,800 1,300 Janitorial 1,400 Total costs $100,040 Waterways produced 109,000 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.) 106,000 units 107,000 units (1) (2) (3) (4) (5) 108,000 units 109,000 units 110,000 units WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March $ $ $ WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March $ $ $ ol ta $ ta ta > 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 Favorable nor Unfavorable Budget Actual $ $ A A A 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 Favoral Unfavor Neither Fay nor Unfavi Controllable Cost Budget Actual $ $ $ $ $ $