The following overhead data are for a department of a large company.

Actual Costs Incurred	Static Budget
Activity level (in units)	500	450
Variable costs:
Indirect materials	$5,950	$5,382
Electricity	$1,112	$1,008
Fixed costs:
Administration	$2,770	$2,800
Rent	$5,120	$5,100

Required: Construct a flexible budget performance report that would be useful in assessing how well costs were controlled in this department.