Chubbs Inc s manufacturing overhead budget for the first

Last updated: 4/1/2023

Chubbs Inc s manufacturing overhead budget for the first quarter of 2020 contained the following data Variable Costs Indirect materials Indirect labor Utilities Maintenance Fixed Costs 11 600 Supervisory salaries 11 000 Depreciation 7 000 Property taxes and insurance 5 600 Maintenance 36 800 7 000 7 200 4 700 Actual variable costs were indirect materials 14 500 indirect labor 9 200 utilities 9 600 and maintenance 4 900 Actual fixed costs equaled budgeted costs except for property taxes and insurance which were 8 600 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 Budget CHUBBS INC Manufacturing Overhead Flexible Budget Report For the Quarter Ended March 31 2020