The Sparkly Corporation has the following budget and actual results.
| Budgeted data: | |
| Unit sales | $30,000.00 |
| Unit production | $30,000.00 |
| Fixed overhead | |
| Supervision | 54,000 |
| Depreciation | 60,000 |
| Rent | 30,000 |
| Variable costs per unit | |
| Direct materials | 18 |
| Direct labor | 25 |
| Supplies | 0.25 |
| Indirect labor | 1.2 |
| Electricity | 0.15 |
| Actual results: | |
| Unit sales | 33,000 |
| Unit production | 36,000 |
| Fixed overhead | 53,550 |
| Supervision | 60,000 |
| Depreciation | 30,000 |
| Variable costs | |
| Direct materials | 642,000 |
| Direct labor | 960,000 |
| Supplies | 7,500 |
| Indirect labor | 30,000 |
| Electricity | 4,500 |
Required:
a. Prepare a performance report for all costs, showing static budget variances (indicate F or U).
b. Prepare a performance report for all costs, showing flexible budget variances (indicate F or U).
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