Wade Company estimates that it will produce 6,000 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $8,000 for depreciation and $3,800 for supervision. In the current month, Wade actually produced 6,500 units and incurred the following costs: direct materials $38,850, direct labor $76,440, variable overhead $116,640. depreciation $8,000, and supervision $4,000. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (List variable costs before fixed costs.) Wade Company Static Budget Report Differ Favor Unfave Neither nor Unfa Budget Actual Units Produced 6000 6500 Variable Costs Direct Materials $ 30000 $ 27500 $ 2500 Direct Labor 66000 65000 1000 Overhead 102000 110000 8000 Total Variable Costs 198000 202500 4500 Fixed Costs NOC DOCE DOC Depreciation 7500 7500 0 Supervision 3500 3700 200 i Total Fixed Costs 11000 11200 200 Total Costs 209000 $ 213700 $ 4700