2 5 points Problem 15-21A (Algo) Determining and interpreting flexible budget variances LO 15-5 Franklin 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 eBook Labor cost Print References Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative $ 36.30 8.40 3.60 5.40 6.80 $133,000 47,000 Assume that Franklin actually produced and sold 26,000 books. The actual sales price and costs incurred follow Actual price and variable costs Sales price Materials cost Labor cost Actual fixed costs: Overhead cost Selling, general, and adeinistrative costs Manufacturing overhead Selling, general, and administrative $ 35.30 8.60 3.50 5.45 6.60 $118,000 53,000