Jordan 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.?6 Materials cost 3.66 Labor cost 4.36 Overhead cost 5.?6 Selling, general, and administrative costs 6.36 Planned fixed costs Manufacturing overhead $135,666 Selling, general, and administrative 45,666 Assumethat Jordan actually produced and sold 33,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price $ 35.?6 Materials cost 3.26 Labor cost 4.26 Overhead cost 5.?5 Selling, general, and administrative costs 6.16 Actual fixed costs Manufacturing overhead $126,666 Selling, general, and administrative 51,666 Flexible Budget Variances Sales revenue Variable manufacturing costs Materials Labor Overhead Variable selling, general, and administrative costs Contribution margin Fixed costs Manufacturing overhead Selling, general, and administrative costs Net income