The following budgeted and actual volume and cost data are for July of this year: Volume Budgeted manufacturing costs- Variable costs per unit: Direct materials Direct labor Overhead Total fixed overhead costs Actual manufacturing costs: Direct materials Direct labor Variable overhead Fixed overhead Bud get 20,000 $17.00 7.00 2.00 $220,000 Actual 18,000 S310,ooo 135,000 36, ooo 210,000 Prepare a flexible budget analysis of production costs for July of this year. Indicate both the amount and direction (Favorable versus Unfavorable) of the spending variance (difference beWeen the flexible budget amount and the actual amount).