Bay City Company's fixed budget performance report for July follows. The $594,000 budgeted total expenses include $450,000 variable expenses and $144,000 fixed expenses. Actual expenses include $134,000 fixed expenses. Fixed Budget Variances 8,100 Sales (in units) Sales (in dollars) Total expenses Income from operations Actual Results 7,000 $ 623,000 561,000 $ 62,000 $648,000 594,000 $ 54,000 $ 25,000 U _33,000 F $ 8,000 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.) Sales Variable expenses Contribution margin Fixed expenses Income from operations BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible budget Actual results Variances Fav./Unf. $ 560,000 $ 623,000 $ 63,000 Favorable 388,889 Unfavorable 171,111 Favorable 144,000 134,000 10,000 Favorable | $ 27,111 Favorable A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per hr. Actual 43,700 lbs. @ $8.10 per lb. 21,400 hrs. @ $16.60 per hr. $265,000 7,200 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance