Handley Manufacturing Company has prepared the following fexible budget for August and is in the process of interpreting the variances. F denotes a favorable variance and U denates an Material A Material B Direct manufacturing labor Flexible Budget $44,000 09.000 84,000 The actual amount spent for Material B was Variances Price Efficiency $1,000 $3,3000 BOOU 1,900 900U 2,100 tee an unfavorable variance OA $70,100 OR 500,000 OC. 566.300 OD $67.900 CITO