Chubbs inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data. variable costs fixed costs indirect materials $12,000 supervisory salaries $36,000 indirect labor 10,000 depreciation 7,000 utilities 8,000 property taxes and insurance 8,000 maintenance 6,000 maintenance 5,000 actual variable costs were indirect materials $13,500, indirect labor $9,500, utilities $8,700, and maintenance $5,000. actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. 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.