Problem 15-21A (Algo) 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 Standard price and variable conto Salon price Materials cost Labor cost Overhead cost Selling general, and administrative conto Planned tixed costs Manufacturing overhead Selling, general, and administrative $ 37.00 B.50 4.20 6.20 7.10 $126,000 44.000 Assume that Finch actually produced and sold 31000 books. The actual soles price and costs incurred follow: Actual price and variable conte sales prie Materials cost Labor cost Overhead coat Selling, general, and administrative coats Ketual fixed conta Manufacturing overhead Selling, general, and administrative $35.00 8.70 4.10 6.25 6.90 $111.000 50,000 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 (.e., zero variance).)