Multiple Product Performance Report Case Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model: Cost Components Regular Deluxe Direct materials Acrylic sheets 3 sheets x $12 = $36.00 5 sheets x $12 = $60.00 Assembly kit 5.00 5.00 Direct labor 0.5 hour x $20 = 10.00 0.75 hours x $20 = 15.00 Variable overhead 0.5 labor hr. x $5 = 2.50 0.75 labor hrs. x $5 = 3.75 Total $ 53.50 $83.75 Budgeted fixed manufacturing overhead is $46,000 per month. During July, the company produced 8,000 regular and 3,500 deluxe storage cases while incurring the following manufacturing costs: Direct materials Direct labor Variable overhead Fixed overhead $561,300 130,800 34,625 48,150 $774,875 Total Prepare a flexible budget performance report for the July manufacturing activities. CASE PRODUCTS Manufacturing Activities Performance Report For the Month of July Actual Flexible Budget Flexible Budget Variance Volume Regular OX 0 x Deluxe OX $ 0 x Variable Costs Direct materials Acrylic sheets Regular Deluxe Assembly kits Regular Deluxe 0 x OX 0 x Total TA 0 x 0 x OXF X Direct labor Regular OX Deluxe OX Total OX OX O X F Variable overhead Regular Deluxe OX 0 x Total 0 x 0 x 0 X U Fixed overhead OX 0 x 0xF > * > Total $ 0 x $ 0 X $ OXU