Baird Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $ 3.10 per unit $ 2,600 total $ 600 total Baird planned to produce and sell 2,100 units. Actual production and sales amounted to 2,200 units. Assume that the actual sales price is $8.60 per unit and that the actual variable cost is $3.40 per unit. The actual fixed manufacturing cost is $1,900, and the actual selling and administrative costs are $625. 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). Flexible Budget Variances Sales Variable manufacturing Contribution margin Fixed manufacturing U TU U 700 F Fixed selling and administrative cost 25 U Net income (loss)