Benson 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 $ 36.60 8.40 4.40 5.60 7.10 Planned fixed costs Manufacturing overhead Selling, general, and administrative $128,000 44,000 Benson planned to make and sell 37,000 copies of the book. Required: a. - d. Prepare the pro forma income 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 effect (i.e, zero variance).) Master Budget Flexible Budgets 36,000 Volume Variances Number of units Sales revenue Variable manufacturing costs 37,000 38,000 Materials Labor Variable selling general, and administrative costs Contribution margin Fixed costs Manufacturing overhead Net income 0