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

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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 116,000 Budgeted costs Indirect materials $5,800 Indirect labor 12,760 Utilities 11,600 Maintenance 8,120 Salaries 41,200 Depreciation 16,400 Property taxes 3,200 Insurance 1,100 Janitorial 1,300 WATERWAYS CORPORATION Manufacturing Overhead Budget (Static) For the Month of March Budgeted production in units 116,000 Budgeted costs Indirect materials $5,800 Indirect labor 12,760 Utilities 11,600 Maintenance 8,120 Salaries 41,200 Depreciation 16,400 Property taxes 3,200 Insurance 1,100 Janitorial 1,300 Total budgeted costs $101,480 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 117,000 Costs Indirect materials $5,836 Indirect labor 12,846 Utilities 11,731 Maintenance 8,168 Salaries 41,200 Depreciation 16,400 Property taxes 3,200 Insurance 1,100 Janitorial 1,300 Total costs $101,781 Waterways produced 117,000 units in March rather than the budgeted number of units. (c) Prepare a responsibility report for the manufacturing overhead for March, assuming only variable costs are controllable. Controllable Costs Depreciation Indirect Labor Indirect Materials Insurance Janitorial Maintenance Production in Units Property Taxes Salaries Total Budgeted Costs Utilities Budget $ $ Responsibility Report Manufacturing Overhead For the Month of March Actual Difference Favorable Unfavorab Neither Favor nor Unfavora Budget $ $ $ WATERWAYS CORPORATION Responsibility Report Manufacturing Overhead For the Month of March Actual $ Difference Favorable Unfavorable Neither Favorable nor Unfavorable Favorable Unfavorable Neither Favorable nor Unfavorable) 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 116,000 Budgeted costs Indirect materials $5,800 Indirect labor 12,760 Utilities 11,600 Maintenance 8,120 Salaries 41,200 Depreciation 16,400 Property taxes 3,200 Insurance 1,100 Janitorial 1,300 WATERWAYS CORPORATION Manufacturing Overhead Budget (Static) For the Month of March Budgeted production in units 116,000 Budgeted costs Indirect materials $5,800 Indirect labor 12,760 Utilities 11,600 Maintenance 8,120 Salaries 41,200 Depreciation 16,400 Property taxes 3,200 Insurance 1,100 Janitorial 1,300 Total budgeted costs $101,480 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 117,000 Costs Indirect materials $5,836 Indirect labor 12,846 Utilities 11,731 Maintenance 8,168 Salaries 41,200 Depreciation 16,400 Property taxes 3,200 Insurance 1,100 Janitorial 1,300 Total costs $101,781 Waterways produced 117,000 units in March rather than the budgeted number of units. (c) Prepare a responsibility report for the manufacturing overhead for March, assuming only variable costs are controllable. Controllable Costs Depreciation Indirect Labor Indirect Materials Insurance Janitorial Maintenance Production in Units Property Taxes Salaries Total Budgeted Costs Utilities Budget $ $ Responsibility Report Manufacturing Overhead For the Month of March Actual Difference Favorable Unfavorab Neither Favor nor Unfavora Budget $ $ $ WATERWAYS CORPORATION Responsibility Report Manufacturing Overhead For the Month of March Actual $ Difference Favorable Unfavorable Neither Favorable nor Unfavorable Favorable Unfavorable Neither Favorable nor Unfavorable)