Part 3 Performance reporting This part relates to Module 23. I have fexible budget support material in the Module 23 folder in course resources Crafts Inc, is a manufacturer of furniture. The company has 2 respons blity centers: Production and Seling and Distrbution Production and administration are cost centers while Seling and Distribution s a proft.center Presented below are the budgeted and actual contrbution income statement for October along with applicable unit information Budgeted unt information: Sale price per Direct material por unt Direct labor per $245 $48 518 overhead per $16 Variabie selling and disbribution per unt $45 Actual Unts: 850 Craft Inc. Budgeted Contribution Income Statement For Month of October Sales 5 220,500 Less Variable costs Variable cost of goods sok: $43 200 16 200 Direct labor 73,800 Seling and distrbution Contrbuton Margin Less Fued Costs Manufacturing overhead Seling and Distribution 40.000 Net Income Craft Inc. Actual Contribution Income Statement For Month of October Sales 5 230,000 Less Variable costs Variable cost of goods sold: Direct matorials Direct labor 25.000 20,000 $ 91,000 Seling and distrbuton Contribution Margin Less Fixed Costs Manufacturing overhead Seling and Distribution 38.000 Net incomelLoss) 1 Prepare 2. Prepare taxibie budget por ormance report for Producton that comparoa actual and alowed costs. flexibie buoget performance report for seling and distribution that compares actual and allowed costs. 1. Prepare a fexible budget performance report for Production that compares actual and allowed costs Production Department Flexible Budget Pertormance Report For Month of October exible Flexible Budget Designation U Units Direct Materials Direct Labor Variable Manufacturing overhead Fxed Manufacturing Total 2. Prepare fexible budget performance report for seling and distribution that compares actual and allowed costs. Selling and Distrbution Cost Center Flexible Budget Performance Report For Month of October ble Flexible Budget Designation U Units Seling and Distribution Fxed Total