Narcisco Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $ 90.00 Materials cost 18.00 Labor cost 9.00 Overhead cost 12.60 Selling, general, and administrative costs 14.40 Planned fixed costs Manufacturing overhead $ 270,000 Selling, general, and administrative 108,000 Assume that Narcisco actually produced and sold 32,000 books. The actual sales price and costs incurred follow. Actual price and variable costs Sales price $ 87.00 Materials cost 18.40 Labor cost 8.80 Overhead cost 12.70 Selling, general, and administrative costs 14.00 Actual fixed costs Manufacturing overhead $ 250,000 Selling, general, and administrative 116,000 Required a. & b. Determine the flexible budget variances and also indicate the effect of each vari