Prepare a flexible budget performance report for the July manufacturing activities. Actual Flexible Budget Flexible Budget Variance Volume Regular 5,000 x 5,000 x Deluxe 2,000 x 2,000 x Variable costs Direct materials Lumber Regular Deluxe $ 30,000 x 18,000 x Assembly kits Regular 10,000 x Deluxe 4,000 x Total $ 70,000 x 62,000 * 8,000 U Direct labor Regular 0 x Deluxe 0 % Total 0 * 0 % 0x U Variable overhead Regular 0 x Deluxe 0 % Total 11,500 x 15,000 x 3,500 F Fixed overhead Total $ 15,500 x 128,000 x $ 1,200,000 * $ 13,000 x 2,500 U 8,000 * U