Johnson Electrical produces industrial ventilation fans. The company plans to manufacture 72,000 fans evenly over the next quarter at the following costs: direct material, $1,584,000; direct labor, $360,000; variable production overhead, $522,000; and fixed production overhead, $987,000. The $987,000 amount includes $87,000 of straight-line depreciation and $129,000 of supervisory salaries.

Shortly after the conclusion of the quarters first month, Johnson reported the following costs:

Direct material	$	501,600
Direct labor		116,500
Variable production overhead		179,000
Depreciation		29,000
Supervisory salaries		45,100
Other fixed production overhead		252,000
Total	$	1,123,200

Dave Kellerman and his crews turned out 22,000 fans during the montha remarkable feat given that the firms manufacturing plant was closed for several days because of storm damage and flooding. Kellerman was especially pleased with the fact that overall financial performance for the period was favorable when compared with the budget. His pleasure, however, was very short-lived, as Johnsons general manager issued a stern warning that performance must improve, and improve quickly, if Kellerman had any hopes of keeping his job.

Required:

3. Prepare a performance report that compares static budget and actual costs for the period just ended (i.e., the report that Kellerman likely used when assessing his performance).

4. Prepare a performance report that compares flexible budget and actual costs for the period just ended (i.e., the report that the general manager likely used when assessing Kellermans performance).

ONLY NEED HELP WITH 3 and 4 (please show work)

Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Required 5A Required 5B Prepare a performance report that compares static budget and actual costs for the period just ended (i.e., the report that Kellerman likely used when assessing his performance). (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Do not round intermediate calculations.) Static Budget: 24,000 Units Actual: 22,000 Units Variance Direct material used Favorable Direct labor Favorable Unfavorable O None Variable production overhead Depreciation Supervisory salaries Other fixed production overhead Total Unfavorable Favorable $ 0 0 Favorable Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Required 5A Required 5B Prepare a performance report that compares flexible budget and actual costs for the period just ended (i.e., the report that the general manager likely used when assessing Kellerman's performance). (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). Do not round intermediate calculations.) Show less A Actual: Flexible Budget: 22,000 Units 22,000 Units Variance Direct material used Unfavorable Direct labor Unfavorable Unfavorable O None Variable production overhead Depreciation Supervisory salaries Other fixed production overhead Total Unfavorable Favorable Unfavorable 0 0