Using Flexible Budgets The following summary data are from a performance report for Hyland Company for June, during which 9,600 units were produced. The budget reflects the company's normal capacity of 10,000 units.Actual Costs Budget (9,600 Units) (10,000 Units) Variances Direct material $102,600 $105,000 [$2,400 F] Direct labor . . ... 207,900 210,000 [2, 100 F] Variable overhead 73,800 72,000 1,800 U Fixed overhead. . .. 54,300 54,000 300 U Total . . .. $438,600 $441,000 [$2,400 F] a. What is the general implication of the performance report? Why might Hyland question the significance of the report? b. Revise the performance report using flexible budgeting and comment on the general implica- tion of the revised report