Assemble a flexible budget performance report using the information given below. Make sure to use all $5$ columns and to

compute the variances and label each variance appropriately as $F$ or U$.$ Put the columns in the correct order as shown in

the textbook.

XYZ Company budgeted to sell $20,000$ units in May. Their budgeted sales price per unit is $$30.$ Their budgeted expenses

include Salaries and Wages; which is budgeted to be $$20,000$ per month plus $$3$ per unit sold, Rent; which is budgeted to

be $$30,000$ per month, Utilities; which is budgeted to be $$5000$ per month plus $$2$ per unit, and Direct Materials; which is

budgeted to be $$10$ per unit sold.

The actual results for May are given below.