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 $16,000 per month. During July, the company produced 7,000 regular and 3,000 deluxe storage cases while incurring the following manufacturing costs:

Direct materials	$90,000
Direct labor	44,000
Variable overhead	18,000
Fixed overhead	18,500
Total	$170,500

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
Labor
Regular		Answer
Deluxe		Answer
Assembly kits
Regular		Answer
Deluxe		Answer
Total	$ Answer	Answer	Answer	Answer F or U
Direct labor
Regular		Answer
Deluxe		Answer
Total	Answer	Answer	Answer	Answer F or U
Variable overhead
Regular		Answer
Deluxe		Answer
Total	Answer	Answer	Answer	Answer F or U
Fixed overhead	Answer	Answer	Answer	Answer F or U
Total	$ Answer	$ Answer	$ Answer	Answer F or U