The static budget variance at a large meat$-$packing plant revealed an unfavorable variance in operating income of approximately $$500,000.$ Management wants to do more analysis to understand the cause of this difference. Assume that you are the cost accountant for the organization and you have collected the following data:

$\backslash$table$[[$Units sold Standard,Actual$],[$Units sold,$100,000$ tons,Units sold,$102,000$ tons$],[$Units produced,$100,000$ tons,Units produced,$102,000$ tons$],[$Sales price,$$3,000$ per ton,Sales price,$$3,150$ per ton$],[$Direct materials required,$120,000$ tons,Direct materials purchased or used,$126,300$ tons$],[$Direct materials cost,$ $2,200$ per ton,Direct materials cost,$ $2,250$ per ton$],[$Direct labor hours,$20,000$ hours,Direct labor hours,$22,000$ hours$],[$Direct labor rate per hour,$ $12\mathrm{.}50,$Direct labor rate per hour,$ $14\mathrm{.}00],[$Variable manufacturing overhead,$$1\mathrm{.}00$ per ton,Variable manufacturing overhead,$$1\mathrm{.}13$ per ton$],[$Fixed costs,$ $25,000,$Fixed costs,$ $26,000]]$

Required:

Prepare a flexible budget variance analysis using the format from Exhibit $10\mathrm{.}6.$

Note: Select None if there is no variance.