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Sunshine Bakery prepares flexible budgets to analyze its performance. The company's static budget for the production of 1,000 cakes includes $10,000 for direct materials, $5,000

Sunshine Bakery prepares flexible budgets to analyze its performance. The company's static budget for the production of 1,000 cakes includes $10,000 for direct materials, $5,000 for direct labor, and $3,000 for overhead. If the actual production volume is 1,200 cakes and the actual costs incurred are $11,500 for direct materials, $5,600 for direct labor, and $3,300 for overhead, compute the flexible budget variances for direct materials, direct labor, and overhead.

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