%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

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyz…