Franklin Publications established the following standard price and costs for a hardcover picture book that the company produces.

4. 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 $36.50 8.10 4.20 5.40 7.20 15 points $126,000 44,000 eBook Assume that Franklin actually produced and sold 29,000 books. The actual sales price and costs incurred follow: Print $ 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 35.50 8.30 4.10 5.45 7.00 References $111,000 50,000 Required a. & b. Determ flexible budget variances and (U). (Select "None" if there is no effect (i.e., zero variance).) the effect of each by selecting favorable (F) or vorable Flexible Budget Variances Sales revenue Variable manufacturing costs Materials Labor U F U F U Overhead Selling, general, and administrative costs Contribution margin Fixed costs Manufacturing overhead Selling, general, and administrative costs Net income F U U