Ch. 8: Homework Saved Help Save & Exit Submit Check my work 3 Gibson Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs 4.28 points Sales price Materials cost Labor cost Overhead cost Selling, generol, and administrative costs $ 36.30 9.80 4.30 6.20 6.60 eBook Planned fixed costs References Manufacturing overhead Selling, general, and administrative $13e,000 44,880 Gibson planned to make and sell 36,000 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 35.000 and 37,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 37,000 units. Indicate whether the variances are favorable (F) or unfavorable (U), (Select "None" if there is no effect (i.e., zero variance).) Master Flexible B Volume Variances Number of units 36,000 35,000 37,000 Ch. 8: Homework Saved Help Save & Exit Submit Check my work 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 35,000 and 37,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 37,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) 4.28 polnts Master Budget 36,000 Flexible Budgets 35,000 Volume Variances Number of units 37,000 eBook revenue Variable costs References Materials Labor Variable selling general, and administrative costs Manufacturing overhead Contribution margin Fixed costs Manufacturing overhead Fixed selling, general, and administrative costs income Mc Pre 3 of 7 Next 11:27 PM Type here to search a 3/18/2019