Solomon publications established the following standard price and costs for a hardcover picture book that the company produces. standard price and variable costs sales price $ 36.50 materials cost 8.60 labor cost 4.40 overhead cost 6.20 selling, general, and administrative costs 6.70 planned fixed costs manufacturing overhead $ 127,000 selling, general, and administrative 48,000 assume that solomon actually produced and sold 24,000 books. the actual sales price and costs incurred follow: actual price and variable costs sales price $ 35.50 materials cost 8.80 labor cost 4.30 overhead cost 6.25 selling, general, and administrative costs 6.50 actual fixed costs manufacturing overhead $ 112,000 selling, general, and administrative 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