Kodiak Company produces a number of products, including a small coat for chihuahuas. The firm, which began operations at the beginning of the current year, uses a

standard cost system. The standard costs for one coat are provided below:

The $$1\mathrm{.}00$ fixed overhead rate is based on total budgeted fixed overhead costs of $$34,000.$ There were no changes in any inventory accounts during the period. The

company produced and sold $70,000$ units at the following costs:

Required:

Compute and label as Favorable $($F$)$ or Unfavorable $($U$)$ the following flexible budget variances: