Narcisco Pubications established the following standard price and costs for a hardcover picture book that the company produces: Assume that Narcisco octually produced and sold 32.000 books. The actual sales price and costs incurred follow. Required a. S b. Determine the flexible budget variances and also indicate the effect of each varlance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Required a. 8 b. Determine the fiewble budget vartances and also indicate the effect of each variance by selecting favorable (f) or unfavorabie (U). (Select "None" if there is no effect (i.e., zero variance).)