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).