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Perez Manufacturing Company established the following standard price and cost data: Perez planned to...

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Accounting

Perez Manufacturing Company established the following standard price and cost data:
Perez planned to produce and sell 2,200 units. Actual production and sales amounted to 2,500 units.
Assume that the actual sales price is $7.65 per unit and that the actual variable cost is $4.00 per unit. The actual fixng
cost is $2,000, and the actual selling and administrative costs are $640.
Required
a.&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) or unfavorable (U).
Note: Select "None" if there is no effect (i.e., zero variance).
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