- 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 $11,300 Supervisory salaries $37,000 Indirect labor 10,000 Depreciation 6,100 Utilities 7.200 Property taxes and insurance 7,300 Maintenance 5,500 Maintenance 4,200 Actual variable costs were indirect materials $14,600, indirect labor $9,400, utilities $9.200, and maintenance $4,800. 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. (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 Difference 7:50 PM F. 640 11/3/20192 QUO Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Variable Costs Indirect Materials 113005 1 4600 $ 3300 Unfavorable Indirect Labor 10800 9400 Favorable Utilities 7200 i Maintenance Total Variable Costs Feed Costs her Favoro 370001 Supervisory Salaries Unawati Na Favoratore Property Trend insurance Maintenance Total Food Costs 4 2:51 PM 1/1/20192 arch