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Ivanhoe, Inc.'s static budget at 3,000 units of production includes $13,500 for direct labor, $4,500 for utilities (variable), and total fixed costs of $25,500. Actual

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Ivanhoe, Inc.'s static budget at 3,000 units of production includes $13,500 for direct labor, $4,500 for utilities (variable), and total fixed costs of $25,500. Actual production and sales for the year was 9,000 units, with an actual cost of $81,500. Determine if lvanhoe is over or under budget. Ivanhoe is budget by $

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