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 11,880

Utilities 10,800

Maintenance 7,560

Salaries 39,000

Depreciation 16,800

Property taxes 3,000

Insurance 1,300

Janitorial 1,500

Total budgeted costs $97,240

WATERWAYS CORPORATION

Manufacturing Overhead Costs (Actual)

For the Month of March

Production in units. 109,000

Costs

Indirect materials $5,435

Indirect labor 11,964

Utilities 10,931

Maintenance 7,609

Salaries 39,000

Depreciation 16,800

Property taxes 3,000

Insurance 1,300

Janitorial 1,500

Total costs $97,539

Waterways produced 109,000 units in March rather than the budgeted number of units.

Prepare a flexible overhead budget used on the following amount decimal places. 63.225. List variable costs before feed costs) labor utilities, and maintenance are variable costs. The other budgeted costs 11 106000 units 12) 107.000 units (3) 100.000 units (4) 109.000 units 151 110.000 units WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March 10500 10900 Total Variable 37100 37450 37800 Fbxed costs 39.000 39.000 Deprecation Property Taxes Insurance Janitorial Total Fixed Costs Total Costs Your answer is partially correct Prepare a flexible budget report showing the differences favorate and favorable in manufacturing overhead costs for the month of March (List volble costs before fed costs WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget Report For the Month of March Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Production in Units 109000 109000 Variable Cost Indirect Materials 5434 Favorable Indirect Labar 14170 14140 Favorable Uuties 10900 10900 Maintenance 7630 Favorable Total Variable Costs 38150 Feed Costs Salaries 39000 Neither Favorable nor Unfavorable Depreciation 16800 16800 Neither Favorable nor Unfavorable " Property Taxes 3000 3000 Neither Favorable nor Unfavorable y Insurance 1300 1300 1500 Janitorial 1500 Neither Favorable nor Unfavorable Neither Favorable nor Unfavorable Nether Favorable nor Unfavorable Total Fixed Costs 65400 65.000 Total Costs 103550 Favorable Textbook and Media Insurance Nother Favoratiehor Urdvorable Janitorial 1500 Neither favorable nor Und work Total Fleed Costs 65400 Neither Favorable nor Unfavorable Total Costs 103550 e Textbook and Media - Your answer is partially correct. 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 Budget Actual Controllable Cost Indirect Materials Favorable Indirect Labor Favorable Utilities Unfavorable Maintenance e Textbook and Media Prepare a flexible overhead budget based on the following amounts produced. decimal places, es. 225. List variable costs before fixed costs.) rect materials, Indirect labor, utilities, and maintenance are variable costs. The other budgeted cost- (1) 106.000 units (2) 107,000 units (3) 108,000 units (4) 109.000 units (5) 110,000 units WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March 107000 Production in Units Variable costs 5300 Indirect Materials Indirect Labor Untities 10600 10700 Maintenance 38500 Total Variable Costs Fred Costs 39000 39.000 10800 16.800 Deprecation Property Taxes 3000 3000 1300 Insurance 1300 1500 Janitorial 65400 Total Fixed Costs 103900 Total Costs Prepare a flexible budget report showing the differences favorable and unfavorable) in manufacturing overhead costs for the month of March (List varble costs before fed costs.) WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget Report For the Month of March Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Production in Units 109000 100000 Variable Costs Indirect Materials Unfavorable Utilities Favorable Maintenance Favorable Total Variable Costs Fleed Costs Salaries Depreciation Neither Favorable nor Unfavorable 39000 Neither Favorable nor Unfavorable 16800 3000 Neither Favorable nor Unfavorable Property The Neither Favorable nor Unfavorable Neither Favorable nor Unfavorable Neither Favorable nor Unfavorable Favorable e Textbook and Media Total Fed Costs Neither Favorable nor Unfavorable Total Costs Favorab e Textbook and Media - Your answer is partially correct. 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 Favorable Budget Actual Controllable Cost Indirect Materials Indirect labor . $ 1 Favorable 1 Unfavorable 1 NNN LLLLL 1 !! 11 HT Favorable 1 Il Favorable e Textbook and Media Media