The Following Budgeted and Actual Volume and Cost Data Are

The following budgeted and actual volume and cost data are for July of this year:
$$\begin{array} { l r r } & \underline { \text { Budqet } } & \underline { \text { Actual } } \\\text { Volume } & 20,000 & 18,000 \\\text { Budgeted manufacturing costs: } & & \\\quad \text { Variable costs per unit: } & & \\\quad \text { Direct materials } & \$ 17.00 & \\\quad \text { Direct labor } & 7.00 & \\\quad \text { Overhead } & 2.00 & \\\text { Total fixed overhead costs } & \$ 220,000 & \\\text { Actual manufacturing costs: } & & \$ 310,000 \\\quad \text { Direct materials } & & 135,000 \\\quad \text { Direct labor } & & 36,000 \\\quad \text { Variable overhead } & & 210,000\end{array}$$ a. Prepare a static budget analysis of production costs for July of this year.
b. Prepare a flexible budget analysis of production costs for July of this year.