Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i. zero variance). Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs Actual Costs 485 units $ $ 18,100 28,800 10,850 14,100 71,850 Spending Variance Flexible Budget 485 units Volume Variance Master Budget 200 units $ $ 16,600 24,600 10,600 12,300 64,100

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June:
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance).
Direct Material
Direct Labor
Variable Overhead
Fixed Overhead
Total Manufacturing Costs
Actual Costs
485 units
$
$
18,100
28,800
10,850
14,100
71,850
Spending
Variance
Flexible
Budget
485 units
Volume
Variance
Master Budget
200 units
$
$
16,600
24,600
10,600
12,300
64,100
Transcribed Image Text:Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs Actual Costs 485 units $ $ 18,100 28,800 10,850 14,100 71,850 Spending Variance Flexible Budget 485 units Volume Variance Master Budget 200 units $ $ 16,600 24,600 10,600 12,300 64,100
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