3 Exercise 15-8 Determining flexible budget veriances LO 15-3, 15-5 Perez Manufacturing Company established the following standard price and cost data points Sales price Variable manufacturing cost Fixed manufacturing cost 8.90 per unit $ 3.70 per unit $2,800 total s 800 total eBook Fixed selling and administrative cost Perez planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units Assume that the actual sales price is S8 55 per unit and that the actua variable cost s soo ter cost is $2,500, and the actual selling and administrative costs are $835 Prin t. The actua fixed manufact ing References Required o.&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) or unfavorable (U) (Select "None" if there is no effect (i.e., zero variance).) Flexible Budget Variances Sales Vartable manufacturing Fixed selling and administrative cost Net income loss)