MajorCables manufactures electrical and electronic components. The company expects to produce 4000 units of coaxial connectors each month. Budgeted costs are as follows: direct material RM28,000, direct labour RM20,000, variable overhead RM40,000 and fixed overhead RM3000.

Actual production for the month of December is 4100 units. Actual costs incurred for December are as follows: direct material RM28,290, direct labour RM22,000, variable overhead RM44,000 and fixed overhead RM,3000.

Required: Prepare a flexible budget showing comparisons with actual costs and variances.