Spooky 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 units)Variable costs:Direct materials used$36,000Direct labor45,000Variable overhead22,500Fixed costs:Manufacturing overhead58,500Total manufacturing costs$162,000

During the first quarter, Spooky produced 60,000 units and incurred total manufacturing costs of $184,000.

A performance report for Spooky's first quarter of operations using a flexible budget approach would show: