None 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 ofJune:Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectKi.e., zero variance).FlexibleActual CostsSpendingBudget485 unitsVarianceVolumeVarianceMaster Budget200 units485 unitsDirect Material$18,100FU$16,600Direct Labor28,800F24,600Variable Overhead10,850F10,600Fixed Overhead14,100None12,300Total Manufacturing Costs$71,850FU$64,100

The planned budget is static in nature and is not adjusted for actual units while the flexible…

Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of une: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no ef i.e., zero variance). Flexible Actual Costs Spending Budget 485 units Variance Volume Variance Master Budget 200 units 485 units Direct Material Direct Labor $ 18,100 F U $ 16,600 28,800 F บ 24,600 Variable Overhead 10,850 F U 10,600 Fixed Overhead 14,100 บ None 12,300 Total Manufacturing Costs $ 71,850 F Խ $ 64,100

Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of une: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no ef i.e., zero variance). Flexible Actual Costs Spending Budget 485 units Variance Volume Variance Master Budget 200 units 485 units Direct Material Direct Labor $ 18,100 F U $ 16,600 28,800 F บ 24,600 Variable Overhead 10,850 F U 10,600 Fixed Overhead 14,100 บ None 12,300 Total Manufacturing Costs $ 71,850 F Խ $ 64,100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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