Acme Companys production budget for August is 18,800 units and includes the following component unit costs: direct materials, $8.00; direct labor, $11.00; variable overhead, $5.50. Budgeted fixed overhead is $45,000. Actual production in August was 19,416 units. Actual unit component costs incurred during August include direct materials, $9.50; direct labor, $10.00; variable overhead, $6.50. Actual fixed overhead was $47,800.

Required:

Prepare a performance report, including each cost component. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Original Budget Flexed Budget Actual Cost Budget Variance Cost Component(18,800 units) Direct materials Direct labor Variable overhead Fixed overhead (19,416 units) units) Total budgeted cost $ 0 $ 0 $ 0