Required information The following information applies to the questions displayed below Skelton Corporation had planned to produce 50,000 units of product during the first quarter of the current year. The company prepared the following budget on May 1: Budgeted (50, 000 uni ts) Variable costs Direet naterials used Direot labor s 45, 000 22, 500 36, 000 Variabl overhead Fixed costs Kanufactuing overhead Total naufoturing oosts 58, 500 162, 000 During the first quarter, Skelton produced 60,000 units and incurred total manufacturing costs of $184,000 A performance report for Skelton's first quarter of operations using a flexible budget approach would show: Multiple Choice Actual costs over budget by $1,300. Actual costs over budget by $11,700 Actual costs over budget by $15,150 Total costs per the flexible budget of $194,400