The Baxter Corporation has the following budgeted and actual results.

Budgeted data

Actual results

Unit sales

20,000

Unit sales

22,000

Unit production	20,000		Unit production	24,000
Fixed overhead			Fixed overhead

	Supervision	$20,000			Supervision	$19,860
	Depreciation	$30,000			Depreciation	$30,000
	Rent	$10,000			Rent	$10,000

Variable costs per unit

Variable costs

	Direct materials	$16.00			Direct materials	$340,000
	Direct labor	$19.00			Direct labor	$420,000
	Supplies	$0.20			Supplies	$7,200
	Indirect labor	$1.30			Indirect labor	$28,500
	Electricity	$0.12			Electricity	$3,000

Required: Prepare a performance report for all costs, showing static budget variances (indicate F or U).