Prepare and evaluate a static budget report. DO IT! 25.1 (LO 1) Wade Company estimates that it will produce 6,000 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7. direct labor $13, and overhead S18. Monthly budgeted fixed manufacturing overhead costs are $8.000 for depreciation and $3.800 for supervision. In the current month. Wade actually produced 6,500 units and incurred the following costs: direct materials $38,850, direct labor $76,440, variable overhead $116,640, depreciation $8,000, and supervision $4,000. 25-36 CHAPTER 25 Budgetary Control and Responsibility Accounting Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (Note: You do not need to prepare the heading.) Were costs controlled? Discuss limitations of the budget