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 225 units $ $ 15,500 26,200 8,250 11,500 61,450 Spending Variance Flexible Budget 225 units Volume Variance Master Budget 200 units $ $ 14,000 22,000 8,000 11,000 55,000

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)