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

Standard price and variable costs

Sales price $ $36\mathrm{.}80$

Materials cost $8\mathrm{.}70$

Labor cost $4\mathrm{.}30$

Overhead cost $5\mathrm{.}60$

Selling, general, and administrative costs $6\mathrm{.}80$

Planned fixed costs

Manufacturing overhead $ $130,000$

Selling, general, and administrative $50,000$

Assume that Rooney actually produced and sold $28,000$ books. The actual sales price and costs incurred follow:

Actual price and variable costs

Sales price $ $35\mathrm{.}80$

Materials cost $8\mathrm{.}90$

Labor cost $4\mathrm{.}20$

Overhead cost $5\mathrm{.}65$

Selling, general, and administrative costs $6\mathrm{.}60$

Actual fixed costs

Manufacturing overhead $ $115,000$

Selling, general, and administrative $56,000$

Required

a$.$ & b$.$ Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable $($F$)$ or unfavorable $($U$).$

Note: Select "None" if there is no effect $($i$.$e$.,$ zero variance$).$