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

image text in transcribedimage text in transcribed Stuart Publications established the following standard price and costs for a hardcover picture book that the company produces. Assume that Stuart actually produced and sold 31,000 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 (U). Note: Select "None" if there is no effect (i.e., zero variance). 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)

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