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:

Direct material (0.5 yd. @ $1.00)	$	0.50
Direct labor (1 hr. @ $10.00)		10.00
Variable overhead (1 hr. @ $1.00)		1.00
Fixed overhead (1 hr. @ $0.50)		.50
	$	12.00

The $0.50 fixed overhead rate is based on total budgeted fixed overhead costs of $17,000. There were no changes in any inventory accounts during the period. The company produced and sold 35,000 units at the following costs:

Direct materials (18,000 yds.)	$	17,280
Direct labor (36,000 hrs.)		374,400
Variable factory overhead		34,500
Fixed factory overhead		15,000

Required:

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