Vinton Industries uses flexible budget techniques in order to effectively control costs. The data produced for the December quarter before analysis indicates the following:

CostofProductionItems	Budget	Actual
	$	$
Rawmaterial	90,000	110,700
Directlabour	108,000	114,750
Variable factoryoverhead	54,000	57,000
Fixed factoryoverhead	63,000	63,000
Total	$315,000	$345,450

The original budget for the December quarter was planned at a level of 180,000 units of production. The quarter's actual level of production was 195,000 units. Raw material, direct labour and variable manufacturing expense are proportional to the units produced.

Required:

(a) Complete the flexible budget performance report for December

Flexible budget performance report for December:

	Actual Cost	Flexible Budget	Variance $	Variance %	Fav. (F) or Unfav. (U)
Raw material	110,700
Direct labour	114,750
Variable factory overhead	57,000
Fixed factory overhead	63,000
Total Cost of Production	345,450