E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2] Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Actual Costs 525 units Spending Variance Flexible Budget Volume Variance Master Budget 200 units 525 units Direct Material S 18,500 S 17,000 Direct Labor 29.200 25,000 Variable Overhead 11,250 11,000 12,500 Fixed Overhead 14,500 $ 65,500 Total Manufacturing Costs $ 73,450