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 $6,200 Indirect labor 14,880 Utilities 12,400 Maintenance 7.440 Salaries 42,800 Depreciation 15,500 Property taxes 3.000 Insurance 1.200 Janitorial 1,300 Total budgeted costs $104.720 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 125,000 Costs Indirect materials $6,235 Indirect labor 14,973 Utilities 12,531 Maintenance 7,479 Salaries 42,800 Depreciation 15,500 Property taxes 3,000 Insurance 1.200 Janitorial 1.300 Total costs $105.018 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, 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) 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 varble costs before fixed costs.) WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget Report For the Month of March Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual eTextbook and Media 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 Actual nor Unfavorable Controllable Cost Budget