Riverbed Company estimates that it will produce 6,500 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $6, direct labor $13, and overhead $17. Monthly budgeted fixed manufacturing overhead costs are $7,800 for depreciation and $3,700 for supervision. In the current month, Riverbed actually produced 7,000 units and incurred the following costs: direct materials $36,000, direct labor $83,500, variable overhead $118,500, depreciation $7,800, and supervision $3,970. 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. (List variable costs before fixed costs.)

Riverbed Company Static Budget Report Differenci Favorable/Unfa Neither Favorable nor Budget Actual