Exercise 8-7A (Algo) Evaluating a decision to increase sales volume by lowering sales price LO 8-3, 8-4 Franklin Educational Services had budgeted its training service charge at $78 per hour. The company planned to provide 32,000 hours of training services during Year 3. By lowering the service charge to $65 per hour, the company was able to increase the actual number of hours to 33,700. Required a. Determine the sales volume vorlance, and indicate whether it is favorable (F) or unfavorable (U). (Select "None" if there is no effect b. Determine the flexible budget variance, and indicate whether it is favorable (F) or unfavorable (U). (Select "None" If there is no c. Did lowering the price of training services increase revenue? Sales a Volume variance b. Flexible budget varianco C. Was the decision profitable