Question & Answer: Exercise 24-10 Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2017 contained the following data. V…..

Exercise 24-10 Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Costs Indirect materials Indirect labor Utilities Maintenance $36,700 6,100 Property taxes and insurance7,400 4,900 11,100 11,000 Depreciation Supervisory salaries 7,700 5,500 Maintenance 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)