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Rundle Publications established the following standard price and costs for a hardcover picture book that the company produces. Assume that Rundle actually produced and sold

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Rundle Publications established the following standard price and costs for a hardcover picture book that the company produces. Assume that Rundle actually produced and sold 34,000 books. The actual sales price and costs incurred follow: Required a. \& b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable Required a. \& 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 (i.e., zero variance).)

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