3 Check my work Munoz Publications established the following standard price and costs for a hardcover picture book that the company produces 4.28 points 8100 Standard price and variable costs dales prie Materials cost Labor cost Overhead coat Selling, general, and administrative conta Planned fixed coate Manufacturing overhead Belling, general, and administrative $36.40 8.30 4.40 5.70 6.40 $135,000 40,000 ook ferencer Munoz planned to make and sell 37,000 copies of the book Required: a. d. Prepare the pro forma come statement that would appear in the master budget and also flexible budget Income statements, assuming production volumes of 36,000 and 38,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 38,000 units. Indicate whether the variances are favorable (F) or unfavorable (U) (Select "None" if there is no effectie zero variance))