Part A required Required A Required B Prepare a flexible budget and compute the sales and variable cost volume variances based on a comparison between the master budget and the flexible budget. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Master Budget Flexible Budget Volume Variance Allocated funds $ 27,938 Expenses: Variable expenses Meals 20,043 Postage 2,555 Fixed expenses Facility 2,300 Printing 1,080 Decorations 970 Speaker's gift 260 Publicity 730 Total expenses 27,938 Surplus(deficit) EA 0