Business, 05.05.2020 17:08 birdman9416
Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data.
Variable Costs
Fixed Costs
Indirect materials $11,100 Supervisory salaries $36,700
Indirect labor 11,000 Depreciation 6,100
Utilities 7,700 Property taxes and insurance 7,400
Maintenance 5,500 Maintenance 4,900
Actual variable costs were indirect materials $14,800, indirect labor $9,200, utilities $9,300, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,400. 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.)
(b) Prepare a responsibility report for the first quarter.
Answers: 3
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Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following da...
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