Problem 15-21 Determining and interpreting flexible budget variances LO 15-5 Finch Publications established the following standard price and costs for a hardcover picture book that the company produces. $ 36.50 8.50 4.30 Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling general, and administrative 6.7e $126,000 50,000 Assume that Finch actually produced and sold 20,000 books. The actual sales price and costs incurred follow. 35.50 8.se Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Selling general, and administrative costs Actual fixed costs. Manufacturing overhead Selling, general, and administrative $111.000 Required 6. & 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 (le, zero variance).) points Required a. & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfas (U). (Select "None" if there is no effect (i.e., zero variance).) eBook Flexible Budget Variances References Sales revenue Variable manufacturing costs Materials Labor Overhead Selling general and administrative costs Contribution margin Faced costs Manufacturing overhead Seling general, and administrative costs Net income