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

Standard price and variable costs
Sales price	$	36.20
Materials cost		9.00
Labor cost		3.80
Overhead cost		5.70
Selling, general, and administrative costs		6.20
Planned fixed costs
Manufacturing overhead	$	131,000
Selling, general, and administrative		46,000

Assume that Munoz actually produced and sold 37,000 books. The actual sales price and costs incurred follow:

Actual price and variable costs
Sales price	$	35.20
Materials cost		9.20
Labor cost		3.70
Overhead cost		5.75
Selling, general, and administrative costs		6.00
Actual fixed costs
Manufacturing overhead	$	116,000
Selling, general, and administrative		52,000

Required

a. & b. Determine the flexible budget variances and also Indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

	flexible budget varaince	favorable or unfavorbale or none
sales
varaible manufacturing cost
materials
labor
overhead
varaible selling, general, admin cost
contribution margin
fixed cost
manufacturing overhead
selling, general, admin cost
net income