E$9-3($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 $($i$.$e$.,$ zero variance$).$

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Actual Costs $585$ units$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Spending Variance$\}$ & Flexible Budget $585$ units & Volume Variance & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Master Budget $200$ units$\}\backslash \backslash$

$\backslash$hline Direct Material & $\backslash$$ & $19,100$ & $\backslash$$ $843,620$ & F & & & $\backslash$$ & $17,600\backslash \backslash$

$\backslash$hline Direct Labor & & $29,800$ & $1,758,788$ & F & & & & $25,600\backslash \backslash$

$\backslash$hline Variable Overhead & & $11,850$ & $432,762$ & F & & & & $11,600\backslash \backslash$

$\backslash$hline Fixed Overhead & & $15,100$ & & & & & & $12,800\backslash \backslash$

$\backslash$hline Total Manufacturing Costs & $\backslash$$ & $75,850$ & & & & & $\backslash$$ & $67,600\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$