Perez Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $ 36.60 Materials cost 8.30 Labor cost 3.90 Overhead cost 5.70 Selling, general, and administrative costs 7.00 Planned fixed costs Manufacturing overhead $ 128,000 Selling, general, and administrative 52,000 Assume that Perez actually produced and sold 34,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price $ 35.60 Materials cost 8.50 Labor cost 3.80 Overhead cost 5.75 Selling, general, and administrative costs 6.80 Actual fixed costs Manufacturing overhead $ 113,000 Selling, general, and administrative 58,000 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).)

one" if there is no effect (i.e., zero variance).)