Required: Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs Actual Costs 505 units $ $ 18,300 29,000 11,050 14,300 72,650 Spending Variance $ Flexible Budget 505 units 42,420 62,620 27,270 12,400 7489 $ 144,710 Volume Variance U Master Budget 200 units $ $ 16,800 24,800 10,800 12,400 64,800

Required: Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance)