Lloyd Publications established the following standard price and costs for a hardcover picture book that the company produces. Assume that Lloyd actually produced and sold 38,000 books. The actual safes price and costs incurred follow. Required: a.&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).)