Please help.

You have received the following financial information. Fill out a Flexible Budget Performance Report.

Budgeted

Static Budget Sales Revenue: 100 units at $50 per unit.

Direct Materials: $6 per unit

Direct Labor: $7 per unit

Variable Overhead: $1 per unit

Variable Selling/Admin. Exp.: $2 per unit

Fixed Overhead: $400

Fixed Selling/Admin. Exp.: $500

Actual Sales Revenue: 200 units at $40 per unit

Direct Materials: $1,300 (total)

Direct Labor: $1,000 (total)

Variable Overhead: $150 (total)

Variable Selling/Admin. Exp.: $500 (total)

Fixed Overhead: $410

Fixed Selling/Admin. Exp.: $480

• Create the Flexible Budget Performance Report and calculate the variances