A production performance report for J Corporation is shown below: Flexible Budget Production in Units Budget 50,000 units Actual 44,000 units Variance Direct materials $100,000 $ 90,000 $10,000 F Direct labor 250,000 230,000 20,000 F Variable Factory overhead: Indirect labor 25,000 21,000 4,000 F Indirect materials 20,000 17,000 3,000 F Maintenance 15,000 15,000 Utilities 12,500 12,000 500 F Fixed Factory overhead: Supervisors' salaries 12,500 12,500 Property taxes 2,000 2,200 200 U Depreciation 5,000 5,100 100 U Insurance 1,000 1,000 Variance Prepare a flexible budget based on actual production. Did J Corporation do well or poorly?