Monty Company estimates that it will produce 5,880 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $7,840 for depreciation and $3,724 for supervision. In the current month, Monty actually produced 6,380 units and incurred the following costs: direct materials $38,073, direct labor $74,904, variable overhead $114,300, depreciation $7,840, and supervision $3,920. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (List variable costs before fixed costs.)

Monty Company Static Budget Report
						Difference
		Budget		Actual		Favorable Unfavorable Neither Favorable nor Unfavorable
select an opening static budget report item Total Variable CostsDepreciationDirect LaborTotal CostsVariable CostsProduction in unitsSupervisionTotal Fixed CostsOverheadFixed CostsDirect Materials		enter a number of units		enter a number of units
select an opening name for section one SupervisionDirect MaterialsDepreciationOverheadTotal Variable CostsTotal Fixed CostsFixed CostsVariable CostsProduction in unitsDirect LaborTotal Costs
select an item Direct MaterialsTotal CostsDirect LaborTotal Fixed CostsSupervisionProduction in unitsOverheadFixed CostsVariable CostsDepreciationTotal Variable Costs		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount	select an option FavorableNeither Favorable nor UnfavorableUnfavorable
select an item DepreciationTotal Fixed CostsTotal CostsVariable CostsDirect LaborProduction in unitsTotal Variable CostsDirect MaterialsFixed CostsOverheadSupervision		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option Neither Favorable nor UnfavorableFavorableUnfavorable
select an item Total CostsDepreciationProduction in unitsFixed CostsDirect LaborSupervisionTotal Variable CostsDirect MaterialsOverheadVariable CostsTotal Fixed Costs		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option FavorableUnfavorableNeither Favorable nor Unfavorable
select a closing name for section one Total CostsFixed CostsVariable CostsSupervisionTotal Variable CostsDepreciationOverheadDirect LaborTotal Fixed CostsDirect MaterialsProduction in units		enter a total amount for section one		enter a total amount for section one		enter a dollar amount	select an option FavorableUnfavorableNeither Favorable nor Unfavorable
select an opening name for section two SupervisionDirect MaterialsDepreciationVariable CostsProduction in unitsFixed CostsTotal Variable CostsTotal CostsDirect LaborOverheadTotal Fixed Costs
select an item Direct LaborVariable CostsTotal CostsDirect MaterialsDepreciationTotal Variable CostsSupervisionFixed CostsProduction in unitsOverheadTotal Fixed Costs		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option FavorableNeither Favorable nor UnfavorableUnfavorable
select an item Fixed CostsOverheadProduction in unitsTotal Variable CostsTotal Fixed CostsVariable CostsDirect LaborDirect MaterialsTotal CostsDepreciationSupervision		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option Neither Favorable nor UnfavorableUnfavorableFavorable
select a closing name for section two DepreciationDirect MaterialsTotal Variable CostsProduction in unitsSupervisionTotal CostsVariable CostsOverheadFixed CostsTotal Fixed CostsDirect Labor		enter a total amount for section two		enter a total amount for section two		enter a dollar amount	select an option UnfavorableFavorableNeither Favorable nor Unfavorable
select a closing static budget report item Total Variable CostsFixed CostsDepreciationTotal Fixed CostsDirect LaborProduction in unitsVariable CostsDirect MaterialsTotal CostsOverheadSupervision		$enter a total amount for this report		$enter a total amount for this report		$enter a total amount for this report	select an option Neither Favorable nor UnfavorableUnfavorableFavorable

Were costs controlled? select an option YesNo