Ivanhoe, Inc.$\text{'}$s static budget at $3,000$ units of production includes $$12,390$ for direct labor, $$3,390$ for utilities $($variable$),$ and total fixed costs of $$24,400.$ Actual production and sales for the year was $9,000$ units, with an actual cost of $$73,600.$

Determine if Ivanhoe is over or under budget.

Ivanhoe is $$ budget by $ $$

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