Zachary Publications established the following standard price and costs for a hardcover picture book that the company produces.

$\backslash$table$[[\backslash$table$[[$Sales price$],[$Materials cost$],[$Labor cost$],[$Overhead cost$],[$Selling$,$ general, and administrative costs$],[$Planned fixed costs$],[$Manufacturing overhead$],[$Selling$,$ general, and administrative$]],]]$

Assume that Zachary actually produced and sold $35,000$ 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$).$

$\backslash$table$[[,\backslash$table$[[$Flexible Budget$],[$Variances$]]],[$Sales revenue,,$],[$Variable manufacturing costs,,$],[$Materials$,,],[$Labor$,,],[$Overhead$,,],[$Selling$,$ general, and administrative costs,,$],[$Contribution margin,,$],[$Fixed costs,,$]]$