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Indirect materials $12,000 Supervisory salaries $35,700 Indirect labor 10,400 Depreciation 7,100 Utilities 7,000 Property taxes...

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Accounting

Indirect materials $12,000 Supervisory salaries $35,700 Indirect labor 10,400 Depreciation 7,100 Utilities 7,000 Property taxes and insurance 7,400 Maintenance 5,600 Maintenance 4,500 Actual variable costs were indirect materials $14,500, indirect labor $9,600, utilities $9,900, and maintenance $5,000. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $9,100. 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. (a) Prepare a manufacturing overhead flexible budget report for the first quarter. (List variable costs before fixed costs.) CHUBBS INC. Manufacturing Overhead Flexible Budget Report For the Quarter Ended March 31, 2017 Difference Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $ (b) Prepare a responsibility report for the first quarter. CHUBBS INC. Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2017 Difference Controllable Costs Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $

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