PRINTER VERSION BACK Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2017 contained the following data Variable Costs Fixed Costs Indirect materials Indirect labor Utilities $11,300 Supervisory salaries $37,000 10,800 Depreciation 6,000 7,400 7,200 5,900 Maintenance Property taxes and insurance 5,000 Actual variable costs were indirect materials $14,600, indirect labor $9,400, utilities $9,600, and maintenance $5,100. Actual fixed casts equ aled budgeted costs except for property taxes and insurance, which were $8,700. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depreoation, (a) Prepare a manufacturing overhead fiexible budget report for the first quarter. (List variable costs be CHUBBS INC. Manufacturing Overhead Flexible Budget Report For the Quarter Ended March 31, 2017 Favorable Unfavorable Neither Favorable nor Unfavorable Actual (b) Prepare a responsibility report for the first quarter CHUBBS INC. Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Controllable Costs Budget Actual LINK TO TEXT LINK TO TEXT SAVE FOR LATER Question Attempts: o of 3 used