Zachary publications establish

Problem 15-21 Determining and interpreting flexible budget variances LO 15-5 Zachary Publications established the following standard price and costs for a hardcover picture book that the company produces Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs 36.50 8.50 4.20 6.00 6-80 Planned fixed costs Nanufacturing overhead Selling, general, and administrative $132,000 49,000 Assume that Zachary actually produced and sold 35,000 books. The actual sales price and costs incurred follow Aotual price and variable costs Sales price Materials coat Labor cost overhead cost Selling, general, and adninistrative costs 35.50 8.70 4.10 6.05 6.60 Actual fixed costs Hanufacturing overhead Selling, general, and administrative $117,000 55, 000 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 (i.e, zero variance).) Check my Selling, general, and administrative costs 6.60 Actual fixed costs Manufacturing overhead Selling, general, and administrative $117,000 55,000 Required a, & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable (l ). (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 Seling, general, and edministrative costs Net income