ABC manufactures a full line of well-known Menswear dresses. The ABC company use a standard costing system to set attainable standards for direct materials and labour. The company also reviews and revises standards annually as necessary. Department managers, namely: the purchase manager, production manager, human resources manager and marketing manager, whose evaluations and bonuses are affected by the department's performance, are held responsible for explaining variances, whether favourable or unfavourable, in their department performance reports. The following data summarises the standards and actual results (2013):

Budgeted data:

Budgeted units for sales 15600

Standard selling price per unit is $156

Standard direct material (fabric) per unit 3 meters

Standard direct labour (cutting and assembling) per unit 4 hours

Standard direct labour (finishing) per unit 2 hours

Standard purchase price for fabric is $5 per meter

Standard labour rate for cutting and assembling is $10 per hour

Standard labour rate for finishing is $15 per hour

Actual data

Sold units 14600

Actual selling price per unit $150

Actual direct material (fabric) per unit 3.2 meters

Actual direct labour (cutting and assembling) per unit 4.5 hours

Actual direct labour (finishing) per unit 2.5 hours

Actual purchase price for fabric is $6 per meter

Actual labour rate for cutting and assembling is $9 per hour

Actual labour rate for finishing is $12 per hour

Calculate: Flexible-budget variance