12. Handover Company uses a flexible budget for overhead based on direct labor hours (DLH). Annual master budget figures, based on 400,000 direct labor hours, and actual overhead for March, when 30,000 labor hours were worked, are as follows: Master Budget March Actual Variable: Indirect labor Indirect materials Other S 24,000 45,000 280,000 S 1,900 3,300 21,100 Fixed: Supervision Depreciation Other 120,000 54,000 216,000 10,000 4,600 17,700 Instructions: Prepare a flexible budget performance report for March. Omit headings other than descriptive columnar headings. FLEXIBLE BUDGET PERFORMANCE REPORT