Delicious Desserts makes cupcakes and cookies. The company gathered the following information for the current year regarding its use of flour and butter (flour is a direct material for cupcakes and butter is a direct material for cookies): Flour (Direct Butter (Direct Standard quantity per batch Standard Price (SP) per pound Materials) Cupcakes 4 lbs. $0.35/lb. Materials) Cookies 2 lbs. ? Actual quantity purchased (AQP) and used per batch (pounds) Actual Price (AP) paid Price variance Quantity variance Flexible budget variance 2 $0.65/lb $210 U $658 F ? 4 lbs. $3.50/lb. $1,900 U ? $2,700 U