Part B required Required A Required B Compute flexible budget variances by comparing the flexible budget with the actual results. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Flexible Budget Actual Results = Flexible Variances Allocated funds $ 27,938 Expenses Variable costs: Meals 24,150 Postage 3,255 Fixed costs: Facility 2.800 Printing 1,080 Decorations 970 Speaker's gift 260 Publicity 730 Total expenses 33,245 Surplus(deficit) $ (5,307)