Chickasaw Company expects to produce 46,400 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $7, direct labour $11, and overhead $18. Annual budgeted fixed manufacturing overhead costs are $96,000 for depreciation and $50,592 for supervision. In the current month, Chickasaw produced 5,520 units and incurred the following costs: direct materials $35,751, direct labour $59,190, variable overhead $107,646, depreciation $8,000, and supervision $4,470. Prepare a flexible budget report.

Budget Actual Variance Activity level: units Variable costs: Total variable costs Fixed costs: Total fixed costs Total costs Were costs controlled? Budget Actunl Variance Activity level: units Variable costs: Not applicable Unfavourable Favourable Indirect materials Direct materials Overhead Supervision Indirect labour Depreciation Direct labour Total fixed costs Total costs Were costs controlled? Yes No