Using Flexible Budgets

The following summary data are from a performance report for Hyland Company for May, during which $19,200$ units were produced. The budget reflects the company's normal capacity of $20,000$ units.

$\backslash$table$[[$Actual Cost Budget$],[,19,200$ units,$20,000$ units,Variances $ Type$],[$Direct material,$$153,900,$$$157,500,$$$(3,600),$Favorable$],[$Direct labor,$311,850,315,000,(3,150),$Favorable$],[$Variable overhead,$110,700,108,000,2,700,$Unfavorable$],[$Fixed overhead,$81,450,81,000,450,$Unfavorable$],[$Total$,$$$657,900,$$$661,500,$$$(3,600),$Favorable$]]$

a$.$ Prepare a new performance report using flexible budgeting. Round all amounts to the nearest dollar.

$\backslash$table$[[$Actual$,$Flexible,Variance$],[,$Costs,Budget,$$,$Type$],[$Direct material,$$,$$$,$$$,*{*}^{**}$