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 "Non for no effect (i.e., zero variance). Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs Actual Costs 405 units $ $ 17,300 28,000 10,050 13,300 68,650 Spending Variance F Flexible Budget 405 units Volume Variance U U U None U Master Budget 200 units $ $ 15,800 23,800 9,800 11,900 61,300

E9-3 (Algo) Preparing a Flexlble 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 "Non for no effect (i.e., zero variance). 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)