Baird Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.40 per unit $ 3.10 per unit $ 2,400 total $ 900 total Baird planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Assume that the actual sales price is $8.05 per unit and that the actual variable cost is $3.45 per unit. The actual fixed manufacturing cost is $1,800, and the actual selling and administrative costs are $920. Required a.&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). Sales Variable manufacturing Contribution margin Fixed manufacturing Flexible Budget Variances U U IF Fixed selling and administrative cost U Net income (loss)