Using Flexible Budgets Actual Cost The following summary data are from a performance report for Hyland Company for May, during which 21,600 units were produced. The budget reflects the company's normal capacity of 22,500 units. Budget 22,500 units $ $315,000 $(7,200) Favorable Direct material Direct labor Variable overhead Variances 21,600 units $307,800 623,700 630,000 (6,300) Favorable 221,400 216,000 5,400 Unfavorable Fixed overhead 162,900 162,000 900 Unfavorable Total $1,315,800 $1,323,000 $(7,200) Favorable a. Prepare a new performance report using flexible budgeting. Round all amounts to the nearest dollar. Actual Costs Flexible Budget Variance Direct material $ 0 $ 0 $ 0 Direct labor 0 0 0 Variable overhead 0 0 0 Fixed overhead 0 0 0 Totals $ 0 $ 0 $ 0