Standard price and variable costs sales price Materials cost Labor cost Overhead cost $ 36.70 8.60 3.70 5.38 7.00 Selling, general, and adninistrative costs Planned fixed costs Hanufacturing overhead Selling, general, and adeinistrative $131,8 49,600 Assume that Campbell actually produced and sold 39,000 books. The actual sales price and costs incurred follow Actual price and variable costs Sales price Materlals cost Labor cost Overhead cost Selling, general, and adeinistrative costs $ 35.70 8.80 3.60 5.35 6.8 Actual fixed costs Hanufacturing overhead Selling, general, and administrative $116,000 55,090 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 (Le., zero veriance)) Sales revenue Variable manufacturing costs Materials Labor Overhead Seling. general and administrative costs Contribution margin Fixed costs Manufacturing overhead Selling general, and administrative costs Net income