Question Completion Status: The budget below was prepared for Joe Incorporated for its Mixing Department Budgeted Production (6,000 Actual Production (7,000 Units) Units) Direct materials used $90 000 $99,000 Direct labor 48.000 55,200 Variable manufacturing overhead 6,000 9,000 Fixed manufacturing overhead 66,000 64,200 Required: (A) Compute the amounts that should be included for each of the following in a flexible budget prepared for a 7000 -unit level of production: ( 5 each) (1) Direct materials (2) Direct labor (3) Variable manufacturing overhead (4) Fixed manufacturing overhead (B) Assume that a revised performance report is prepared for the 7000-unit level of production using a flexible budget approach. Compute the cost variances for each of the following and indicate whether each variance is favorable (F) or unfavorable (U) ( 75 each) (1) Direct materials (2) Direct labor