Saved Help Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Planned fixed costs Manufacturing overhead Selling, general, and administrative costs Selling, general, and administrative $ 36.90 8.30 3.90 6.30 6.50 $130,000 48,000 Assume that Munoz actually produced and sold 28,000 books. The actual sales price and costs incurred follow Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Actual fixed costs Manufacturing overhead. Selling, general, and administrative costs Selling, general, and administrative Required $ 35.90 8.50 3.80 6.35 6.30 $115,000 54,000 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).)