%24 %24 %24 %24 <. <. <. Crane Corp's manufacturing overhead budget for the first quarter of 2022 contained the following data: Variable Costs Indirect materials Indirect labor 24,200 Utilities 20,200 Maintenance 12,400 Fixed Costs Supervisor's salary Depreciation 16,200 Property taxes 8,200 Actual variable costs for the first quarterwere: Indirect materials $37,400 Indirect labor 26,800 Utilities Maintenance 10,800 Actual fixed costs were as expected except for property taxes which were $9,400. All costs are considered controllable by the department manager except for the supervisor's salary. Prepare a manufacturing overhead responsibility report for the first quarter. CRANE CORP. Manufacturing Overhead Cost Responsibility Report For the Quarter Ended March 31, 2022 Difference Favorable (F) Unfavorable (U) Not Applicable (NA) Controllable Costs

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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Unit VII question 14

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Crane Corp's manufacturing overhead budget for the first quarter of 2022 contained the following data:
Variable Costs
Indirect materials
Indirect labor
24,200
Utilities
20,200
Maintenance
12,400
Fixed Costs
Supervisor's salary
Depreciation
16,200
Property taxes
8,200
Actual variable costs for the first quarterwere:
Indirect materials
$37,400
Indirect labor
26,800
Utilities
Maintenance
10,800
Actual fixed costs were as expected except for property taxes which were $9,400. All costs are considered controllable by the
department manager except for the supervisor's salary.
Prepare a manufacturing overhead responsibility report for the first quarter.
CRANE CORP.
Manufacturing Overhead Cost Responsibility Report
For the Quarter Ended March 31, 2022
Difference
Favorable (F)
Unfavorable (U)
Not Applicable (NA)
Controllable Costs
Transcribed Image Text:%24 %24 %24 %24 <. <. <. Crane Corp's manufacturing overhead budget for the first quarter of 2022 contained the following data: Variable Costs Indirect materials Indirect labor 24,200 Utilities 20,200 Maintenance 12,400 Fixed Costs Supervisor's salary Depreciation 16,200 Property taxes 8,200 Actual variable costs for the first quarterwere: Indirect materials $37,400 Indirect labor 26,800 Utilities Maintenance 10,800 Actual fixed costs were as expected except for property taxes which were $9,400. All costs are considered controllable by the department manager except for the supervisor's salary. Prepare a manufacturing overhead responsibility report for the first quarter. CRANE CORP. Manufacturing Overhead Cost Responsibility Report For the Quarter Ended March 31, 2022 Difference Favorable (F) Unfavorable (U) Not Applicable (NA) Controllable Costs
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