Blue Spruce Inc.s manufacturing overhead budget for the first quarter of 2022 contained the following...
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Accounting
Blue Spruce Inc.s manufacturing overhead budget for the first quarter of 2022 contained the following data.
Variable Costs
Fixed Costs
Indirect materials
$15,120
Supervisory salaries
$45,360
Indirect labor
12,600
Depreciation
8,820
Utilities
10,080
Property taxes and insurance
10,080
Maintenance
7,560
Maintenance
6,300
Actual variable costs were indirect materials $17,010, indirect labor $11,970, utilities $10,962, and maintenance $6,300. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $10,458. 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.
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