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Midend's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances F denotes a favorable variance

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Midend's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances F denotes a favorable variance and U denotes an unfavorable variance Flexible Variances Budget Price Efficiency Material A $25,000 $1,500U $1,800F Material B 32,000 B00F 9000 Material 42.000 1,300U 900F The actual amount spent for Material was $21.700 $28,300 $25,300 $24.700

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