Vemon Publications established the following standard price and costs for a hardcover picture book that the company produces S6.5a 3. 3.5e Standard price and variable costs Sales price Materials cast Labor cost Overhead cost Selline, general, and administrative costs Planned fixed costs Manufacturing overhead Selline, general, and administrative 6.62 $127.000 50,000 Assume that Vemon actually produced and sold 24,000 books. The actual sales price and costs incurred follow Actual price and variable costs Sales orice Materials cost Labor cost Overhead cost Selling, ceneral and administrative costs. S 9.30 3.00 625 a facturing overed Serale $112,000 55,00 Required a. & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (U). Select "None if there's no effect ile zero variance)) ) or unfavorable Sales revenue Variable manufacturing costs Materials Labor Overhead Selling general and admirative costs Contribution margin Fooed costs Manufactur ed Selling genere and admirative corte Not income