Finch Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.20 per unit $ 3.80 per unit $ 2,400 total $ 700 total Finch planned to produce and sell 2,100 units. Actual production and sales amounted to 2,300 units. Assume that the actual sales price is $7.80 per unit and that the actual variable cost is $4.00 per unit. The actual fixed manufacturing cost is $2,100, and the actual selling and administrative costs are $725. 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 Fixed selling and administrative cost Net income (loss) Flexible Budget Variances