1)Mitchell Company uses a flexible budget for overhead based on direct labor hours (DLH). Master budget figures, based on 900,000 direct labor hours, and actual overhead for March, when 80,000 labor hours were worked, are as follows:

Master Budget

March Actual

Variable:

Indirect Labor

$ 225,000

$ 20,700

Indirect materials

1,350,000

119,000

Other

900,000

81,000

Fixed

Supervision

420,000

34,000

Depreciation

750,000

62,500

Other

600,000

52,000

Required:Prepare a flexible budget performance report for March.