Flexible Budget-Variances

Flexible budget-variances
The cost accountant for Bradley,Inc. ,prepared the following monthly performance report relating to the Finishing Department: (a)Compute the amounts that should be included for each of the following in a flexible budget prepared for a 6,500-unit level of production:
(1)Direct materials: $________
(2)Direct labor: $________
(3)Fixed manufacturing overhead: $________
(b)Assume that a revised performance report is prepared for the 6,500-unit level of production using a flexible budget approach.Compute the cost variances for each of the following.Indicate whether each variance is favorable (F)or unfavorable (U).

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