Flexible Budgeting Name Kitty Hawk Company has the following production standards: Variable Costs (per direct labor hour) Indirect Labor $6.10 Indirect Materials 3.80 Other 5.50 Total Variable Costs $ 15.40 Fixed Costs (per period): Supervision $ Depreciation Rent Total Fixed Costs $ 42,000 6,400 3,800 52,200 12 B 13 14 15 16 17 If actual activity was 10,000 labor hours and the actual costs were as given below, prepare a budget variance report. Indirect Labor 61,400 Indirect Materials 36,900 Other 55,300 Supervision $ Depreciation Rent 41,100 6.900 3,900 B. KITTY HAWK COMPANY BUDGET VARIANCE REPORT Actual Budget Variance U/F Variable Costs: Indirect Labor Indirect Materials Other Total Variable Costs Fixed Costs: Supervision Depreciation Rent Total Fixed Costs Total Overhead Costs