Question 2 Not complete Marked out of 32.00 Flag question 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 x $3 = $9.00 Assembly kit 2.00 2.00 Direct labor 1 hour $4 = 4.00 1.25 hours x $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 $18,000 per month. During July, the company produced 9,000 regular and 4,000 deluxe storage cases while incurring the following manufacturing costs: Direct materials Direct labor Variable overhead $120,000 57,000 24,500 20,500 $222,000 Fixed overhead Total Prepare a flexible budget performance report for the July manufacturing activities. Actual Flexible Budget Flexible Budget Variance Volume Regular 0 0 Deluxe 0 0 Variable costs $ Direct materials Lumber Regular Deluxe Assembly kits Regular Deluxe 0 0 0 Total $ o 0 Direct labor Regular Deluxe 0 0 0 Total Variable overhead Regular Deluxe Total Fixed overhead 0 0 olololo 0 Total $ 0 $ 0