Handover Company uses a flexible budget for overhead based on direct labor hours (DLH). Annual master budget figures, based on 400,000 direct labor hours, and actual overhead for March, when 30,000 labor hours were worked, are as follows:
Master Budget March Actual
Variable costs:
Indirect Labor $24,000 $1,900
Indirect Materials $45,000 $3,300
Other $280,000 $21,100
Fixed costs:
Supervision $120,000 $10,000
Depreciation $54,000 $4,600
Other $216,000 $17,700
Instructions: Prepare a flexible budget performance report for March. Omit headings other than descriptive columnar headings.