Honeywell manufacturer of fireplaces, had planned to produce and sell 2,500 units at $105.00 per unit. Budgeted variable manufacturing costs per unit are $20.00. Honeywell pays its salespeople a 5% sales commission, which is the only non-variable manufacturing cost for the company. Fixed costs are budgeted as follows: manufacturing, $40,000 and marketing, $30,000.

Actual financial results for the period were as follows. Sales volume was up at 2,750 units sold and actual sales revenue for the period was $260,000. Fixed expenses were less than budgeted by $5,000 and actual variable manufacturing costs were $25.00 per unit. Sales commissions remained at 5%.

Calculate each of the following variances

• Total Operating Income Variance
• Flexible-budget variance for operating income
• Flexible-budget variance for total variable costs
• Flexible-budget variance for total fixed costs
• Sales volume variance for operating income