Perez Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.20 per unit $ 3.80 per unit $2,400 total $ 700 total Perez planned to produce and sell 2,800 units. Actual production and sales amounted to 3,100 units. Assume that the actual sales price is $7.85 per unit and that the actual variable cost is $4.10 per unit. The actual fixed manufacturing cost is $2,100, and the actual selling and administrative costs are $735. Required a.&b. Determine the flexible budget variances and classify the variances by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Flexible Budget Variances 1,085 U Sales $ 930 IU Variable manufacturing Contribution margin Fixed manufacturing Fixed selling and administrative cost Net income (loss) 2,015 U 300 35 U