Bookcase Production Performance Report Spitzer Specialty Furniture For the Month Ended June 30 Actual Budget Variance Units Sales Revenue $161,000 $137,500 $ 23,500 F Variable production expenses: Direct material 23,100 20,000 3,100 U Direct labor 18,300 15,000 3,300 U Overhead 60,200 51,250 8,950 U Fixed production expenses: Indirect labor 9,400 6,000 3,400 U Depreciation 5,500 5.500 Taxes 2,400 2,300 100 U Insurance 4,500 4,500 Administrative expense 12,000 9,000 3,000 U Marketing expense 8,300 7,000 1,300 U Research & development 6,000 4,500 1,500 U Operating income 39 11,300 $ 12,450 ($ 1,150 U)