Practical Products plans to manufacture 8,000 units over the next month at the following costs: direct materials, $480,000; direct labor, $60,000; variable manufacturing overhead, $150,000; straight-line depreciation, $24,000, and other fixed manufacturing overhead, $276,000. The result is total budgeted cost of $990,000. Shortly after the conclusion of the month, Practical Products reported the following costs: Direct materials used $490,500 Direct labor Depreciation 69,600 Variable manufacturing overhead 132,000 24,000 Other fixed manufacturing overhead Total 272,000 $988,100 Supervisor, Calvin Moore and his crews turned out 7,200 units-a remarkable feat given that the company's manufacturing plant was closed for several days because of blizzards and impassable roads. Moore was especially pleased with the fact that total actual costs were less than budget. He was thus very surprised when Practical's general manager expressed unhappiness about the plant's financial performance. Required: A) Prepare a performance report that fairly compares budgeted and actual costs for the period just ended-namely, the report that the general manager likely used when assessing performance. (20 points)