Hutch Ltd has prepared the following standard cost card based on producing 50,000 units per month: Variable production costs Fixed production cost Cost per unit f 150 20 170 Actual production for June was 60,000 units and this has resulted in the following actual costs: Variable production costs Fixed production costs Total cost 000 8,520 1,150 9,670 Using a flexible budgeting approach, prepare cost statement for Hutch Ltd, showing the original fixed budget, the flexed budget, the actual costs and the total variances for each of variable production costs and fixed production costs