DO ITI 25.1 (LO 1) Wade Company estimates that it will produce 6,000 units of product IOA during Prepare and evaluated studie budget the current month. Budgeted variable margufacturing costs per unit are direct materials $7, direct report Jabor $13, and overhead 518. Monthly budgeted fixed manufacturing overhead costs are $8,000 for depreciation and $3,800 for supervision In the current month, Wide actually produced 6,500 units and incurred the following costs: direct materials $38,850, direct labor $76,440, variable overhead $116,640, depreciation $8,000, and supervision $4,000 25-36 CHAPTER 25 Budgetary Control and Responsibility Accounting Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual con incurred during the period. (Note: You do not need to prepare the heading) Were couts controlled? Discus limitations of the budget