Adams Publications established the following standard price and costs for a hardcover picture book that the company produces. 15 Standard price and variable costs points Sales price $ 36. 50 Materials cost 8.90 _ Labor cost 4. 10 Sk'pped Overhead cost 5.90 Selling, general, and administrative costs 6. 50 Planned fixed costs eBook Manufacturing overhead $134,000 Selling, general, and administrative 44,000 Print ' References Assume that Adams actually produced and sold 33,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price $ 35.50 Materials cost 9.10 Labor cost 4.00 Overhead cost 5.95 Selling, general, and administrative costs 6.30 Actual fixed costs Manufacturing overhead $119,000 Selling, general, and administrative 50,000 . Required 3. & 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\