Chapter 15 Homework G Saved Help Save & Exit Submit Check my work 3 Baird Publications established the following standard price and costs for a hardcover picture book that the company produces. 10 points Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs $ 36.40 8.60 4.40 5.60 6.40 02:16:04 Planned fixed costs Manufacturing overhead Selling, general, and administrative $126,000 45,000 eBook Print References Assume that Baird actually produced and sold 31,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price Materials cost Labor cost Overhead cost 35.40 8.80 4.30 5.65 6.20 Selling, general, and administrative costs Actual fixed costs Manufacturing overhead Selling, general, and administrative $111,000 51,000 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).) Mc