Turney Company's manufacturing overhead budget for the first quarter of 2011 contained the following data. Actual variable

Turney Companyâ's manufacturing overhead budget for the first quarter of 2011 contained the following data.

Actual variable costs were: indirect materials $13,800, indirect labor $9,600, utilities $8,700, and maintenance $4,900. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,200. The actual activity level equaled the budgeted level.
All costs are considered controllable by the production department manager except for depreciation, and property taxes and insurance.

Instructions
(a) Prepare a manufacturing overhead flexible budget report for the first quarter.
(b) Prepare a responsibility report for the first quarter.

Transcribed Image Text:

Variable Costs Fixed Costs Supervisory salaries Depreciation Indirect materials Indirect labor Utilities Maintenance $12,000 10,000 8,000 6,000 erty taxes and insurance $36,000 7,000 8,000 5,000 Maintenance