3. The CEO of Star Coffee is interested in reviewing the May 2014 performance report for Cost Center 7-11. Prepare a brief performance report for the CEO utilizing the following information for Cost Center 7-11. Line items should be broken out between direct materials, direct labor, variable overhead, and fixed overhead. Flexible Master Actual Results Budget Budget Ground coffee Flavored syrups Milk Servers' wages Supervisor's salary Espresso machine repair $1,350 2,300 850 3,500 5,000 50 $1,200 2,320 800 3,800 5,000 120 $1,270 3,000 950 3,600 5,000 150