Assume that in June Schmidt Machinery Company (Exhibit 14.1) manufactured and sold 1,050 units for $725 each. During this month the company incurred $567,000 total variable expenses and $180,800 total fixed expenses. (budgets attached)

3.	Calculate for June: (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)

a.) The total flexible-bugdget (FB) Variance

b.) The total variable cost flexible-budget variance

c.) The total fixed cost flexible-budget (FB) variance

d.) the selling price variance

EXHIBIT 14.1 Comparison of Actual and udgeted Operating Income SCHMIDT MACHINERY COMPANY Analysis of Operating Income For October 2016 Actual Operating Income Master (Static) Budget Variances Units 780 $639,600 350,950 $288,650 1,000 $800,000 450,000 $350,000 150,000 $200,000 220U* $160,400U 99,050F* $ 61,350U 10,650U 72,000U Sales Variable costs 100% 56 100% Contribution margin Fixed costs 44% 19 25 20% 160,650*** Operating income $128,000 25% U denotes an unfavorable effect on operating income. F denotes a favorable effect on operating income. **Actual fixed factory overhead cost $130,650; actual fixed selling and administrative cost $30,000