3. The CEO of Star Coffee is interested in reviewing the May 2014 performance report for Cost Center 7-11. Prepare a brief performance report for the CEO utilizing the following information for Cost Center 7-11. Line items should be broken out between direct materials, direct labor, variable overhead, and fixed overhead. Actual Results Flexible Budget Master Budget Ground coffee $1,350 $1,20 $1,270 Flavored syrups 2,300 2,320 3,000 Milk 850 800 950 Servers' wages 3,500 3,800 3,600 Supervisor?s salary 5,000 5,000 5,000 Espresso machine repair 50 120 150