An internal report that helps management analyze the difference between actual performance and budgeted performance based on the actual sales volume (or other level of activity) is called a(np Multiple Choice Sales budget performance report Flexible budget performance report Master budget performance report Static budget performance report Operating budget performance repornt Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate varlance. Direct labor standard (2 hrs. $12.75/hr. 25.50 per finished unit Actual direct labor hours Actual finished units produced Actual cost of direct labor 81,500 hrs. 40,000 units $1,100,250 e Choice $80250 unfavorable. $80.250 $61125 favorable $61125 $19125 unfavorable Actual costs incurred to produce a specific product or perform a service. Preset costs for delivering a product or service under normal conditions Established by the IMA Rarely 45,000 $ 15.00 $ 14.50 hours for units 47,000 $22,500