Cherokee Manufacturing Company established the following standard price and cost data: Cherokee planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Assume that the actual sales price is $11.76 per unit and that the actual variable cost is $6.90 per unit. The actual fixed manufacturing cost is $3,000, and the actual selling and administrative costs are $1,230. 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)