Based on the flexible budget from Scenario 1, prepare a performance report if the company has...

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Based on the flexible budget from Scenario 1, prepare a performance report if the company has the following actual costs for 3,500 units this month: Actual production was 3,500 units. Actual direct materials were $60,000. Actual direct labor costs were $69,500. Actual variable overhead costs were $18,000. Actual fixed overhead costs were $50,000. Based on the flexible budget from Scenario 1, prepare a performance report if the company has the following actual costs for 3,500 units this month: Actual production was 3,500 units. Actual direct materials were $60,000. Actual direct labor costs were $69,500. Actual variable overhead costs were $18,000. Actual fixed overhead costs were $50,000.

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