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Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Flexible Budget 225 units Volume Variance Master Budget 200 units Actual Costs 225 units Spending Variance Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs U 15,500 14,000 U U 26,200 22,000 8,250 8,000 U U 11,500 11,000 U $ 61,450 $ 55,000
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