Preparing a performance report}
Use the flexible budget prepared in P7-4 for the 31,000-unit level and the actual operating results listed below for the 31,000 -unit level.

{Required:}
Prepare a performance report.

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Item Sales Direct materials: Lumber Paint Direct labor: Cutting $4,500,000 633,000 127,500 115,200 Assembly 75,300 Paint 47,100 Variable factory overhead son 217,905 Variable selling and administrative expense. 783,400 Fixed factory overhead....... 210,500 Fixed selling and administrative expense 765,800