107 Standard price and variable costs Sales price Materials cost 36.50 Labor cost Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative 8.30 3.60 5.50 6.90 $134,000 47,000 Assume that Stuart actually produced and sold 27,000 books. The actual sales price and costs incurred follow Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Actual fixed costs Manufacturing overhead Selling, general, and administrative costs Selling, general, and administrative Required $ 35.50 8.50 3.50 5.55 6.70 $119,000 53,000 a. & b. Determine the flexible budget variances and also Indicate whether each variance is favorable (F) or unfavorable