3 7 points 8 01:50:53 eBook References Mc 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 Materials cost Labor cost Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative Narcisco planned to make and sell 30,000 copies of the book. Number of units Sales revenue Variable manufacturing costs Required a. to d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 29,000 and 31,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 31,000 units. Indicate whether the variances are favorable or unfavorable. Note: Select "None" if there is no effect (i.e., zero variance). Materials Labor Manufacturing Overhead Selling, general and administrative Master Budget 30,000 $90.00 18.00 9.00 12.60 14.40 Drow $ 270,000 108,000 2 of 2 Flexible Budgets 29,000 Next 31,000 Volume Variances 3,200 12,800

Narcisco Publications established the following standard price and costs for a hardcover picture book that the company produces: Narcisco planned to make and seli 30,000 copies of the book. Required a. to d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 29,000 and 31,000 units. Determine the sales and vatiable cost volume variances, assuming volume is actually 31,000 units, Indicate whether the variances are favorable or unfavorable. Note: Select "None" if there is no effect (i.e., zero variance). Narcisco Publications established the following standard price and costs for a hardcover picture book that the company produces: Narcisco planned to make and sell 30,000 copies of the book. Required a. to d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 29,000 and 31,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 31,000 units. Indicate whether the variances are favorable or unfavorable. Note: Select "None" if there is no effect (i.e., zero variance). Required a. to d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 29,000 and 31,000 units. Determine the sales and varlable cost volume variances, assuming volume is actually 31,000 units, Indicate whether the variances are favorable or unfavorable. Note: Select "None" If there is no effect (i.e., zero variance)