Chapter 8!

Waiton Publications established the following standard price and costs for a hardcover picture book that the company produces. Assume that Walton actually produced and sold 24,000 books. The actual sales price and costs incurred follow: Required 0. \& b. Determine the flexible budget variances and atso indicate the effect of each variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero varionce).) Required a. \& b. Determine the flexible budget variances and also indicate the effect of each varia (U). (Select "None" if there is no effect (i.e., zero variance).)