Sykes, Inc., has done a cost analysis for its production of vests. The following activities and cost drivers have been developed: Activity Maintenance Machining Quality Inspections Cost Formula $11,000 + $2 per DLH $55,000 + $3 per DLH $20,000 Following are the actual costs of producing 75,000 vests: 5,000 direct labor hours. Maintenance (12,000 Fixed) Machining (54,300 Fixed) Quality Inspections $20,000 73,000 18,600 Prepare a performance report showing actual costs versus budgeted costs and the variances.