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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)

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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 114,000 Budgeted costs Indirect materials $5,700 Indirect labor 12.540 Utilities 11.400 Maintenance 7,980 Salaries 39,900 Depreciation 17400 Property taxes 2700 Insurance 1100 Janitonal 1,500 Total budgeted costs $100.220 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 115,000 Costs Indirect materials Indirect labor Utilities Maintenance Salaries Depreciation Property taxes Insurance Janitorial Total costs $5.735 12.623 11,528 8,030 39.900 17.400 2.700 1.100 1.500 $100,516 Waterways produced 115,000 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, utilities, and maintenance are variable costs. The other bucigeted costs are fred costs:) (Round unit costs to 2 decimal places, eg. 2.25. List variable costs before fixed costs) (1) (2) (3) (4) (5) 112,000 units 113,000 units 114.000 units 115,000 units 116,000 units Manufacturing Overhead Flexible Budget For the Month of March De vector Indirect Mark Inu lirit Marta Protonina Property taxe S tot US lothed Costs Focos Town Vult Prepare a flexible budget report showing the differences (favorable and unfavorable) in manufacturing overhead costs for month of March. (List valrble costs before foed costs.) WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget Report For the Month of March Budget Actual > $ $ -> $ 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 Unfavorable Neither Favorable Controllable Cost Budget Actual nor Unfavorable >

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