Holligan publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs: Sales price $37.00 materials 8.70 labor 4.30 overhead 6.10 General, selling, and administrative 6.50 Planned fixed costs: Manufacturing $128,000 General, selling, and administrative 49,000 Assume that Holligan actually produced and sold 31,000 books. The actual sales price and costs incurred follow: Actual price and variable costs: Sales price $36.00 materials 9.10 labor 4.10 overhead 6.20 General, selling, and administrative 6.10 Planned fixed costs: Manufacturing $120,000 General, selling, and administrative 55,000 A. Determine the flexible budget variances. Provide another name for the fixed cost flexible budget variance. B. Indicate whether the variances are favorable (F) or unfavorable (U). C. Identify the managerial position responsible for each variance. Explain what could have caused the variance