Your Answer Correct Answer Your answer is partially correct. Chubbs Inc's manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11,100 Supervisory salaries $35,400 Indirect labor 10,700 Depreciation 7,500 Utilities 7,800 Property taxes and insurance 7,300 Maintenance 5,700 Maintenance 4,000 Actual variable costs were indirect materials $15, 100, Indirect labor $9,500, utilities $9,600, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and Insurance, which were $8,300. 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, 2020 Budget Actual 11.100 $ 15,100 4,000 10,700 7,800 9,500 1800 9,600 5,700 5,200 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Unfavorable 1.200 Favorable 35.300 39.400 4.100 Unfavorable 500 Favorable Unfavorable 35,400 35 400 0 Neither Favorable nor Unfavora 0 Neither Favorable nor Unfavora 7,500 7,500 7.300 i 8.300 -1000 4,000 4,000 54,200 55,200 1000 89,500 Unfavorable 0 Neither Favorable nor Unfavora Unfavorable -5,100 i Unfavorable 94.600 (b) Prepare a responsibility report for the first quarter. Controllable Costs Indirect Materials Indirect Labor Utilities Maintenance $ Budget 11,100 10,700 CHUBBS INC. Manufacturing Overhead Responsibility Report For the Quarter Ended March 31, 2020 Actual 15,100 i 9.500 7,800 9,600 Supervisory Salaries 35,400 eTextbook and Media Solution $ 35,400