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		13,680
Utilities		11,400
Maintenance		9,120
Salaries		38,700
Depreciation		15,200
Property taxes		2,800
Insurance		1,100
Janitorial		1,500
Total budgeted costs		$99,200

WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March
Production in units		115,000
Costs
Indirect materials		$5,734
Indirect labor		13,773
Utilities		11,527
Maintenance		9,179
Salaries		38,700
Depreciation		15,200
Property taxes		2,800
Insurance		1,100
Janitorial		1,500
Total costs		$99,513

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 budgeted costs are fixed costs.) (1) 112,000 units (2) 113,000 units (3) 114,000 units (4) 115,000 units (5) 116,000 units WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March Production in Units Variable Costs Utilities + $ $ $ $ $ Indirect Labor Indirect Materials Maintenance + Total Variable Costs Fixed Costs Salaries Janitorial + Property Taxes Insurance Depreciation Total Fixed Costs 1 4 Total Costs $ $ 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 Production in Units - Variable Costs Utilities $ $ Maintenance Indirect Labor Indirect Materials Total Variable Costs Fixed Costs Janitorial + Property Taxes + Salaries Insurance Depreciation Total Fixed Costs . Total Costs 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 Indirect Labor $ $ $ Indirect Materials Maintenance Utilities $