Multiple Product Performance Report Storage 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
Lumber	2 board feet $3 =	$6.00	3 board feet $3 =	$9.00
Assembly kit	=	2.00	=	2.00
Direct labor	1 hour $4 =	4.00	1.25 hours $4 =	5.00
Variable overhead	1 labor hr. $2 =	2.00	1.25 labor hrs. $2 =	2.50
Total		$14.00		$18.50

Budgeted fixed manufacturing overhead is $18,000 per month. During July, the company produced 8,000 regular and 4,000 deluxe storage cases while incurring the following manufacturing costs:

Direct materials	$110,000
Direct labor	53,000
Variable overhead	22,500
Fixed overhead	20,500
Total	$206,000

Prepare a flexible budget performance report for the July manufacturing activities.

	Actual	Flexible Budget	Flexible Budget Variance
Volume
Regular	Answer	Answer
Deluxe	Answer	Answer
Variable costs
Direct materials
Lumber
Regular		Answer
Deluxe		Answer
Assembly kits
Regular		Answer
Deluxe		Answer
Total	Answer	Answer	Answer	AnswerFU
Direct labor
Regular		Answer
Deluxe		Answer
Total	Answer	Answer	Answer	AnswerFU
Variable overhead
Regular		Answer
Deluxe		Answer
Total	Answer	Answer	Answer	AnswerFU
Fixed overhead	Answer	Answer	Answer	AnswerFU
Total	Answer	Answer	Answer	AnswerFU