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E 9 - 3 ( Algo ) Preparing a Flexible Budget Performance Report [ LO 9 - 2 ] Required: Gleason Guitars produces acoustic guitars.

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 of June: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
\table[[Direct Material,\table[[Actual Costs],[625 units]],\table[[Spending],[Variance]],\table[[Flexible],[Budget],[625 units]],\table[[Volume],[Variance]],\table[[Master Budget],[200 units]]],[$,19,500,,Y,$,18,000],[Direct Labor,,30,200,,,,,26,000],[Variable Overhead,,12,250,,,,,12,000],[Fixed Overhead,,15,500,,,,,13,000],[Total Manufacturing Costs,$,77,450,,,,$,69,000]]
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