State total budgeted cost formula, and prepare flexible budget reports for $2$ time periods.

$($LO $1,2),$ AN

P$10-3$B Hardesty Company uses budgets in controlling costs. The May $2017$ budget report for the company's Packaging Department is as follows.

Hardesty Company

Budget Report

Packaging Department

For the Month Ended May $31,2017$

$\backslash$table$[[$Manufacturing Costs,Budget,Actual,$\backslash$table$[[$Difference$],[$Favorable F$],[$Unfavorable U$]]],[],[$Variable costs$],[$Direct materials,$$40,000,$$$41,000,$$$1,000U$