Allard Manufacturing Company established the following standard price and cost data. Allard planned to produce and sell 2, 700 units. Actual production and sales amounted to 2, 900 units. Assume that the actual sales price is $8.25 per unit and that the actual variable cost is $3.45 per unit. The actual fixed manufacturing cost is $2, 700, and the actual selling and administrative costs are $730. a.&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) or unfavorable (U)