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 124,000 Budgeted costs Indirect materials Indirect labor Utilities Maintenance Salaries Depreciation Property taxes Insurance Janitorial Total budgeted costs $6,200 13,640 12,400 8,680 44,700 17,100 3,300 1,300 1,400 $108,720 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 125,000 Costs Indirect materials $6,234 Indirect labor 13,723 Utilities 12,530 Maintenance 8,730 Salaries 44,700 Depreciation 17,100 Property taxes 3,300 Insurance 1,300 Janitorial 1,400 Total costs $109,017 Waterways produced 125,000 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 budgeted costs are fixed costs.) (Round unit costs to 2 decimal places, e.g. 2.25. List variable costs before fixed costs.) (1) 122,000 units (2) 123,000 units (3) 124,000 units (4) 125,000 units (5) 126,000 units WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March Prepare a flexible budget report showing the differences (favorable and unfavorable) in manufacturing overhead costs for the month of March. (List vairble costs before fix WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget Report For the Month of March Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable 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 nor Unfavorable Controllable Cost Budget Actual $ $ Click if you would like to Show Work for this question: Open Show Work