Business, 05.05.2020 05:05 moodycrunchbar

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 $35,500 Indirect labor 10,700 Depreciation 7,100 Utilities 8,000 Property taxes and insurance 8,000 Maintenance 5,600 Maintenance 4,300 Actual variable costs were indirect materials $15,500, indirect labor $9,600, utilities $9,500, and maintenance $5,000. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,900. 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.

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Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2020 contained the following da...