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2 Narcisco Publications established the following standard price and costs for a hardcover picture book that the company produces. 33.33 points Standard price and variable
2 Narcisco Publications established the following standard price and costs for a hardcover picture book that the company produces. 33.33 points Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative $ 90.00 18.00 9.80 12.60 14.40 eBook $270,800 188,000 Print Assume that Narcisco actually produced and sold 32,000 books. The actual sales price and costs incurred follow. References Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Actual fixed costs Manufacturing overhead Selling, general, and administrative $ 87.89 18.40 8.80 12.79 14.80 $250,082 116,000 Required a. & b. Determine the flexible budget varlances and also indicate whether each varlance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (Le.. zero variance).) 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 (.e., zero variance).) Flexible Budget Variances Sales revenue Variable manufacturing costs Materials Labor Overhead Variable selling general, and administrative costs Contribution margin Fixed costs Manufacturing overhead Seling, general, and administrative costs Net income
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