8 ! Required information [ The following information applies to the questions displayed below.] Skelton Corporation had planned to produce 50,000 units of product during the first quarter of the current year. The 8 00:49:16 company prepared the following budget on May 1: Budgeted (50, 000 units) Variable costs: Direct materials used $ 36,000 Direct labor 45, 000 Variable overhead 22, 500 Fixed costs: Manufacturing overhead 58, 500 Total manufacturing costs $162, 000 During the first quarter, Skelton produced 60,000 units and incurred total manufacturing costs of $184,000. A performance report for Skelton's first quarter of operations using a flexible budget approach would show:A performance report for Skelton's first quarter of operations using a flexible budget approach would show: Multiple Choice O Actual costs over budget by $1,300. O Total costs per the flexible budget of $194,400. O Actual costs over budget by $11,700. O Actual costs over budget by $15,150