How do I figure out the Contribution Margin & Net Income?

Finch 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 Planned fixed costs Manufacturing overhead Selling, general, and administrative 36.00 8.40 4.40 5.80 6.90 $ 127,000 48.000 Assume that Finch actually produced and sold 37,000 books. The actual sales price and costs incurred follow: $ Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Selling. general, and administrative costs Actual fixed costs Manufacturing overhead Selling, general, and administrative 35.00 8.60 4.30 5.85 6.70 $112.000 54,000 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).) Flexible Budget Variances Sales revenue $ 37,000 (U Variable manufacturing costs Materials 7,400U Labor Overhead This is a numeric cell, so please enter numbers only. Selling, general, and adr Contribution margin Fixed costs Manufacturing overhead 15,000 F Selling, general, and administrative costs 6,000 U Net income