The static budget variance at a large meat$-$packing plant revealed an unfavorable varlance in operating income of approximately $\backslash (\backslash$$ $500,000\backslash ).$ 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:

Required:

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

Note: Select None if there is no varlance.