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Chubbs Inc. | ||||
Manufacturing overhead flexible budget report | ||||
For the quarter ended March 31, 2020 | ||||
Budget | Actual costs | Differences | ||
Variable costs: | ||||
Indirect material | $ 11,800 | $ 14,700 | 2,900 | Unfavorable |
Indirect labor | $ 10,800 | $ 9,300 | 1,500 | Favorable |
Utilities | $ 7,800 | $ 9,900 | 2,100 | Unfavorable |
Maintenance | $ 5,900 | $ 4,600 | 1,300 | Favorable |
Total Variable cost | $ 36,300 | $ 38,500 | 2,200 | Unfavorable |
Fixed costs | ||||
Supervision Salaries | $ 36,100 | $ 36,100 | - | Neither favorable nor unfavorable |
Depreciation | $ 6,200 | $ 6,200 | - | Neither favorable nor unfavorable |
Property taxes and insurance | $ 7,500 | $ 8,500 | 1,000 | Unfavorable |
Maintenance | $ 5,000 | $ 5,000 | - | |
Total Fixed costs | $ 54,800 | $ 50,800 | 4,000 | Favorable |
Total costs | $ 91,100 | $ 89,300 | 1,800 | Favorable |
Chubbs Inc. | ||||
Manufacturing overhead responsibility report | ||||
For the quarter ended March 31, 2020 | ||||
Budget | Actual costs | Differences | ||
Indirect material | $ 11,800 | $ 14,700 | $ 2,900 | Unfavorable |
Indirect labor | $ 10,800 | $ 9,300 | $ 1,500 | Favorable |
Utilities | $ 7,800 | $ 9,900 | $ 2,100 | Unfavorable |
Maintenance | $ 5,900 | $ 4,600 | $ 1,300 | Favorable |
Supervision Salaries | $ 36,100 | $ 36,100 | $ - | Neither favorable nor unfavorable |
Maintenance | $ 5000 | $ 5000 | $ - | Neither favorable nor unfavorable |
Total costs | $ 77400 | $ 79600 | $ 2,200 | Unfavorable |
Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable...
Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11,500 Supervisory salaries $36,900 Indirect labor 11,000 Depreciation 7,100 Utilities 7,500 Property taxes and insurance 8,000 Maintenance 5,900 Maintenance 5,000 Actual variable costs were indirect materials $14,500, indirect labor $9,200, utilities $9,100, and maintenance $5,300. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,800. The actual activity level equaled the budgeted level. All...
Chubbs Inc's manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11300 Supervisory salaries $37,000 Indirect labor 10,800 Depreciation 6,000 Property taxes and insurance Utilities 7,200 7,400 Maintenance 5,900 Maintenance 5,000 Actual variable costs were indirect materials $14,600, indirect labor $9.400, utilities $9.600, and maintenance $5,100. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,700. The actual activity level equaled the budgeted level. All...
Exercise 10-10 (Video) Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. $37,000 Variable Costs Fixed Costs Indirect $11,300 materials Supervisory salaries Indirect labor 10,000 Depreciation Utilities 720 Property taxes and insurance Maintenance 5,500 Maintenance 6,100 7,300 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...
Exercise 22-10 Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Costs Indirect materials $11,800 Supervisory salaries Indirect labor 10,700 Depreciation Utilities 8,000 Property taxes and insurance Maintenance 5,600 Maintenance $35,500 6,700 7,600 5,900 Actual variable costs were indirect materials $14,700, indirect labor $9,600, utilities $9,800, and maintenance $5,100. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,600. The actual activity level equaled the budgeted...
Sunland 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 Indirect labor 10,700 Depreciation Utilities 7,800 Property taxes and insurance Maintenance 5,700 Maintenance $35,400 7,500 7,300 4,000 Actual variable costs were indirect materials $15, 100, indirect labor $9,500, utilities $9.600, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level....
Exercise 10-10 (Video) Chubos Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data Variable costs Fixed Costs Indirect materials $11,400 Supervisory salaries $36,800 Indirect labor 11,000 Depreciation 6,100 7,700 Property taxes and insurance Maintenance 5.900 Maintenance 5.200 7,000 Actual variable costs were indirect materiais $14,700, indirect labor $9,300, ilities $9,100, and maintenance $4,500. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $9.000. The actual activity level equaled the budgeted...
Sheridan Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data Variable Costs Fixed Costs Indirect $11,500 Supervisory salaries $36,700 materials 10,900 Depreciation Indirect labor 6,600 Property taxes and Utilities 7,300 7,900 insurance Maintenance 5,700 Maintenance 4,200 Actual variable costs were indirect materials $15,000, indirect labor $9,200, utilities $9,900, and maintenance $4,600 Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $9,200. The actual activity level equaled the budgeted level All...
Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Indirect materials$11,200 Indirect labor10,600 Utilities7,000 Maintenance5,700 Fixed Costs Supervisory salaries$35,600 Depreciation7,000 Property taxes and insurance7,100 Maintenance5,500 Actual variable costs were indirect materials $14,500, indirect labor $9,600, utilities $9,400, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,200. The actual activity level equaled the budgeted level. (a) Prepare a manufacturing overhead flexible budget report for...
Exercise 22-10 Your answer is partially correct. Try again. Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Costs Indirect materials $11,800 Supervisory salaries $36,100 Indirect labor 10,800 Depreciation 6,200 Utilities 7,800 Property taxes and insurance 7,500 Maintenance 5,900 Maintenance 5,000 Actual variable costs were indirect materials $14,700, indirect labor $9,300, utilities $9.900, and maintenance $4,600. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,500....
- 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...