Answer:
<u>Flexible budget performance report for the July manufacturing activities</u>
Direct Materials :                                         $62,000
Lumber :
Regular ($6.00 × 5,000) $30,000
Deluxe ($9.00 × 2,000) $18,000
Assembly kit :
Regular ($2.00 × 5,000) $10,000
Deluxe ($2.00 × 2,000) $4,000
Labor :                                                            $30,000
Regular ($4.00 × 5,000) $20,000
Deluxe ($5.00 × 2,000) $10,000
Variable overhead :                                      $15,000
Regular ($2.00 × 5,000)  $10,000
Deluxe ($2.50 × 2,000)   $5,000
Fixed manufacturing overhead                  $13,000
Total                                                             $120,000
Explanation:
A Flexed Budget is a Master budget that has been adjusted to reflect the Actual Level of Operation.