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 $ 36.20 8.40 4.301 5.90 7.00 $135,000 53,000 Assume that Finch actually produced and sold 30,000 books. The actual sales price and costs incurred follow Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Actual fixed costs Manufacturing overhead Selling, general, and administrative Required 35.20 8.60 4.20 5.95 6.80 $120,000 59,000 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).) Sales revenue Variable manufacturing costs Materials Labor Overhead Selling general and administrative costs Contribution margin Fixed costs Manufacturing overhead i Selling general, and administrative costs Net income Flexible Budget Variances