Exercise $8-5$A $($Algo$)$ Determining flexible budget variances LO $8-4$

Campbell Manufacturing Company established the following standard price and cost data:$$8\mathrm{.}90$ per unit$ $3\mathrm{.}60$ per unit$ $2,600$ total$ $1,000$ total

Campbell planned to produce and sell $2,200$ units. Actual production and sales amounted to $2,300$ units.

Assume that the actual sales price is $$8\mathrm{.}60$ per unit and that the actual variable cost is $$3\mathrm{.}90$ per unit. The actual fixed manufacturing cost is $$2,000,$ and the actual selling and administrative costs are $$1,030.$

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$).$

$\backslash$table$[[,\backslash$table$[[$Flexible Budget$],[$Variances$]]],[$Sales$,],[$Variable manufacturing,$],[$Contribution margin,$],[$Fixed manufacturing,$],[$Fixed selling and administrative cost,$],[$Net income $($loss$),]]$