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1.66 points 1 E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2] Gleason Guitars produces acoustic guitars. The table below contains budget and

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1.66 points 1 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).) Answer is not complete. Actual Costs Spending Variance 365 units Direct Material $ 16,900 F Direct Labor 27,600 F Variable Overhead 9,650 F Fixed Overhead 12,900 U Total Manufacturing Costs $ 67,050 F Flexible Budget 365 units Volume Variance Master Budget 200 units U $ 15,400 U 23,400 U 9,400 None 11,700 U $ 59,900

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