Exercise 16-21 (Algo) Flexible Budgeting (LO 16-2) The master budget at Western Company last period called for sales of 235.000 units at $10.00 each. The costs were estimated to be $4.00 variable per unit and $270,000 fixed. During the period, actual production and actual sales were 240,000 units. The selling price was $10.10 per unit. Variable costs were $475 per unit. Actual fixed costs were $270,000 Required: Prepare a flexible budget for Western WESTERN COMPANY Flexible Budget 5 0 Exercise 16-42 (Algo) Fixed Cost Variances (LO 16-6) Information on Carney Company's fixed overhead costs follows: overhead applied Actual overhead Budgeted overhead $361,400 387,600 372,500 Required: What are the fixed overhead price and production volume variances? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Fixed overhead price variance Fixed overhead production volume variance