Laura Baldwin was a bit anxious as she created the year-end performance reports. She remembered how management had hoped the economy would make a favorable turn, taking pressure off consumers so theyd feel more comfortable spending on the companys splurge itema luxurious hooded cotton robe. Alas, actual production and sales ended at 5,500 units, a whopping 1,000 units shy of the companys original budget. The following information presents the companys actual income statement and other key information for Laura.

Actual Income
Sales		$847,000
Variable costs:
DM		168,025	(for 12,925 yards purchased and used)
DL		96,965	(for 4,510 hours used)
Variable-MOH		51,700
Contribution margin		530,310
Fixed costs:
Fixed-MOH		219,725
Fixed SG&A		242,400
Operating income		$68,185

Standards are as follows.

		Standard Quantity per Unit			Standard Price
Direct materials		2.40	yards		$14.00	per yard
Direct labor		0.80	DL hours		$22.00	per DL hour
Variable-MOH		2.40	yards		$5.00	per yard
Fixed-MOH		2.40	yards		$15.00	per yard

Additional master budget information:

Selling price		$176
Fixed SG&A expense		$287,700

Present the company's complete flexible budget for the year and compare it to the actual results to determine flexible budget variances for each line item; include the amount and sign for all variances. Less: Variable costs: Less: Fixed costs