Adams Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $ 36.10 Materials cost 8.30 Labor cost 4.30 Overhead cost 5.30 Selling, general, and administrative costs 6.70 Planned fixed costs Manufacturing overhead $ 127,000 Selling, general, and administrative 49,000 Assume that Adams actually produced and sold 36,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price $ 35.10 Materials cost 8.50 Labor cost 4.20 Overhead cost 5.35 Selling, general, and administrative costs 6.50 Actual fixed costs Manufacturing overhead $ 112,000 Selling, general, and administrative 55,000 Required a. & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)