Waterways Corporation is continuing its budget preparations.Waterways had the following static budget and actual overhead costs for March.

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, utilitites, 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) 112,000 units (2) 113,000 units 3) 114,000 units (4) 115,000 units 116,000 units WATERWAYS CORPORATION Manufacturing Overhead Flexible Budget For the Month of March Production in Units v 112000 13000 114000 Variable Costs Indirect Materials $ 5600 5650 5700 $ Indirect Labor 12320 12430 12540 Utilities 11200 11300 11400 Maintenance 7840 7910 7980 Total Variable Costs v 36960 37290 37620 Fixed Costs Salaries 39900 39900 39900 Depreciation 17400 17400 17400 Property Taxes 2700 2700 2700 Insurance 1100 1100 1100 Janitorial 1500 1500 1500 Total Fixed Costs 62600 62600 62600 Total Costs 99560 99890 100220 tA Save for Later Last saved 3 minutes ago. Attempts: 1 of 3 used Submit Answer Saved work will be auto-submitted on the due date