The following data were collected by Bemidji Co. for the month of June:

Static budget data:
Sales		9,750	units @ 33/unit
Variable costs	$	24.50	per unit
Total fixed costs	$	20,475
Actual results:
Sales		10,500	units @ $32/unit
Variable costs	$	25.80	per unit
Total fixed costs	$	19,725

Required:

1, 2 & 3. Prepare the static and flexible budgets and show the variances by completing the table given below. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).)