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.