Waterway Company expects to produce 1,275,600 units of Product XX in 2020. Monthly production variable manufacturing costs per unit are: direct materials $5, direct labor $8, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision are $1 expected to range from 84,0000 to 122,000 units. Budgeted In March 2020, the company incurs the following costs in producing 103,000 units: direct materials $544,000, direct labor $815,000, and variable overhead $1,038,000. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.) WATERWAY COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual 103000 103000 Units Produced Variable Costs Direct Materials 5,15,000 5,44,000 29,000 Unfavorable 8,24,000 Favorable Direct Labor 8,15,000 9,000 10,30,000 10,38,000 Overhead 8,000 Unfavorable 28,000T Unfavorable 23,97,000 23,69,000 Total Variable Costs Fixed Costs Neither Favorable nor Unfavorable 5,31,500 Depreciation 5,31,500 Neither Favorable nor Unfavorable 1,06,300 Supervision 1,06,300 Favorable Direct Labor 8,24,000 8,15,000 9,000 10,38,000 10,30,000 8,000 Unfavorable Overhead 23,69,000 23,97,000 28,000 Total Variable Costs Unfavorable Fixed Costs 5,31,500 5,31,500 Neither Favorable nor Unfavorable Depreciation 1,06,300 1,06,300 Supervision Neither Favorable nor Unfavorable 6,37,800 6,37,800 Total Fixed Costs Neither Favorable nor Unfavorable 28,000T Unfavorable 30,06,800 30,34,800 Total Costs |F xP