2 7 points Problem 15-21A (Algo) Determining and interpreting flexible budget variances LO 15-5 For ning Publications established the following standard price and costs for a hardcover picture book that the company produces Standard price and variable costs Gales price Materials COL eBook Labor cost Overhead cost Planned fixed coats Manufacturing overhead Print References Selling, general, and administrative costs Selling, general, and administrative $36.40 8.90 4.20 6.10 6.00 $133,000 49,000 Assume that Fanning actually produced and sold 27,000 books. The actual sales price and costs incurred follow Actual price and variable costs Sales price Haterials cost Labor cost Overhead cost Selling, general, and administrative coats Actual fixed costs Manufacturing overhead Selling, general, and administrative $ 35.40 9.10 4.10 6.15 6.60 $118,000 5,000 Required a. & b. Determine the flexible budget variances and also Indicate whether each variance is favorable (F) or unfavorable (U) [Select "None" if there is no effect (ie., zero variance).) Sales revenue Flexible Budget Variances Check my w