Case Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model: Cost Components Regular Deluxe Direct materials Acrylic sheets 3 sheets x $12 = $36.00 5 sheets x $12 = $60.00 Assembly kit = 5.00 = 5.00 Direct labor 0.5 hour x $20 = 10.00 0.75 hours x $20 = 15.00 Variable overhead 0.5 labor hr. x $5 = 2.50 0.75 labor hrs. x $5 = 3.75 Total $ 53.50 $83.75 Budgeted fixed manufacturing overhead is $46,000 per month. During July, the company produced 8,000 regular 3,500 deluxe storage cases incurring the following manufacturing costs: Direct materials $561,300 Direct labor 130,800 Variable overhead 34,625 Fixed overhead 48,150 Total $774,875 Prepare a flexible budget performance report for the July manufacturing activities. CASE PRODUCTS Manufacturing Activities Performance Report For the Month of July Actual Flexible Budget Flexible Budget Variance Volume Regular Answer Answer Deluxe Answer Answer Variable Costs Direct materials Acrylic sheets Regular Answer Deluxe Answer Assembly kits Regular Answer Deluxe Answer Total  Answer Answer Answer Answer Direct labor Regular Answer Deluxe Answer Total Answer Answer Answer Answer Variable overhead Regular Answer Deluxe Answer Total Answer Answer Answer Answer Fixed overhead Answer Answer Answer Answer Total Answer Answer Answer Answer Also indicate F or U