Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of une: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no ef i.e., zero variance). Flexible Actual Costs Spending Budget 485 units Variance Volume Variance Master Budget 200 units 485 units Direct Material Direct Labor $ 18,100 F U $ 16,600 28,800 F บ 24,600 Variable Overhead 10,850 F U 10,600 Fixed Overhead 14,100 บ None 12,300 Total Manufacturing Costs $ 71,850 F Խ $ 64,100
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of une: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no ef i.e., zero variance). Flexible Actual Costs Spending Budget 485 units Variance Volume Variance Master Budget 200 units 485 units Direct Material Direct Labor $ 18,100 F U $ 16,600 28,800 F บ 24,600 Variable Overhead 10,850 F U 10,600 Fixed Overhead 14,100 บ None 12,300 Total Manufacturing Costs $ 71,850 F Խ $ 64,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2]
Required:
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
Ki.e., zero variance).
Flexible
Actual Costs
Spending
Budget
485 units
Variance
Volume
Variance
Master Budget
200 units
485 units
Direct Material
$
18,100
F
U
$
16,600
Direct Labor
28,800
F
24,600
Variable Overhead
10,850
F
10,600
Fixed Overhead
14,100
None
12,300
Total Manufacturing Costs
$
71,850
F
U
$
64,100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F152d606a-19d5-42cc-b16b-d3ab7c31caac%2F917a2e8e-8276-4b1c-ac40-9ff7b0dae9d9%2Fk2k8pk_processed.png&w=3840&q=75)
Transcribed Image Text:E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2]
Required:
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
Ki.e., zero variance).
Flexible
Actual Costs
Spending
Budget
485 units
Variance
Volume
Variance
Master Budget
200 units
485 units
Direct Material
$
18,100
F
U
$
16,600
Direct Labor
28,800
F
24,600
Variable Overhead
10,850
F
10,600
Fixed Overhead
14,100
None
12,300
Total Manufacturing Costs
$
71,850
F
U
$
64,100
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