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 (i.e., zero variance). Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs Actual Costs 465 units $ $ 17,900 28,600 10,650 13,900 71,050 Spending Variance F Flexible Budget 465 units Volume Variance U U U None PU Master Budget 200 units $ $ 16,400 24,400 10,400 12,200 63,400

E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2] Required: Gieason Gultars 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)