Handley Manufacturing Company has prepared the following flexible budget for August and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance. Flexible Variances Budget Material A Price Efficiency $48,000 $1,9009 $3,4000 Material B 69,000 BOOL 1,500 Direct manufacturing labor 88,000 9000 2.200 The actual amount spent for direct manufacturing labor was O $86,700 O $88,000 O $91,100 O $89,300