Franklin Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.50 per unit $ 3.60 per unit $ 2,400 total $ 800 total Franklin planned to produce and sell 2,500 units. Actual production and sales amounted to 2,600 units. Assume that the actual sales price is $8.20 per unit and that the actual variable cost is $3.95 per unit. The actual fixed manufacturing cost is $1,700, and the actual selling and administrative costs are $830. 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 Foxed selling and administrative cost Net income (loss) Flexible Budget Variances