GTVT Exercise 23-05 Gundy Company expects to produce 1,242,000 units of Product XX in 2020. Monthly production is expected to range from 73,000 to 111,000 units. Budgeted variable manufacturing costs per unit are: direct materials 54, direct labor 57, and overhead S10 Budgeted fixed manufacturing costs per unit for depreciation are $4 and for Supervision are 53 In March 2020, the company incurs the following costs in producing 92,000 units: direct materials $396,000, direct labor $640,000, and variable overhead $923,000. Actual fixed costs were equal to budgeted fixed costs Prepare a flexible budget report for March (List variable costs before fixed costs.) GUNDY COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2020 Difference Favorable Unfavorable Neither favorable nor Unfavorable Budget Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Were costs controlled