Use the standard price and cost data provided in Exercise 15-3. Assume that the

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Use the standard price and cost data provided in Exercise 15-3. Assume that the actual sales price is $7.65 per unit and that the actual variable cost is $4.25 per unit. The actual fixed manufacturing cost is $2,850, and the actual selling and administrative expenses are $1,025. Required. A. Determine the flexibale budget variances. B. Classify the variances as favorable or unfavorable. C. Provide another name for the fixed cost flexible budget variance. D. Comment on the usefulness of the variances with respect to performance evaluation and identify the member(s) of the managemnet team who is (are) most likely to be responsible for these variances.

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