Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, All estimated the following standard costs for one of their major products, the 10 gallon plastic container. Budgeted quantity Budgeted price Direct materials 0.90 pounds $60 per pound Direct labor 0.10 hours $30 per hour During June, Heavy Products produced and sold 19,000 containers using 1,200 pounds of direct materials at an average cost per pound of 563 and 17,100 direct manufacturing labor-hours at an average wage of $31.25 per hour. The direct manufacturing labor price variance during June is $21,375 unfavorable $21,375 favorable $950,400 unfavorable $3,600 unfavorable Zitrik Corporation manufactured 110,000 buckets during February. The variable overhead cost allocation base is $545 per machine hour. The following variable overhead data pertanto February Actual Budgeted Production 110,000 units 110,000 units Machine hours 10,500 hours 10.000 hours Variable overhead cost per machine hour $5 55 55.45 What is the variable overhead spending variance? $1,050 favorable $1,000 unfavorable 51,000 favorable 51.050 unfavorable The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Actual Flexible Static Results Budget Budget Sales volume (in units) 20,000 22,000 Sales revenues $1,000,000 $ $1,100,000 Variable costs 480,000 $ 530.200 Contribution margin 520,000 $ 569,800 Fixed costs 276,200 $ 270.600 Operating profit $243,800 $ $299,200 The flexible budget will report for the fixed costs. $246,000 $270,600 $303,820 $530,200