Use the standard price and cost data supplied in Problem 8-20B. Assume that Truebody actually produced and sold 432,000 units. The actual sales price and costs incurred follow.
Actual price and variable costs
Sales price ................... $6.60
Materials cost ................. 1.88
Labor cost ................... 0.80
Overhead cost .................. 0.15
Selling, general, and administrative costs ...... 0.45
Actual fixed costs
Manufacturing overhead.............$210,000
Selling, general, and administrative costs.......115,000

Required
a. Determine the flexible budget variances. Provide another name for the fixed cost flexible budget variances.
b. Indicate whether each variance is favorable (F) or unfavorable (U).
c. Identify the management position responsible for each variance. Explain what could have caused the variance.