Chap 15 Prob 20 Saved Help Save & Exit Submit Press F11 exil lull screen Check my work Vernon Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs 10 points Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs $ 36.30 8.10 3.90 5.40 6.56 eBoak Planned fixed costs References Manufacturing overhead Selling, general, and administrative $133,e0e 47,800 Vernon 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 BdgetFlexible Budgets Volume Variances Number of units 36,000 35,000 37,000 Variable manufacturing costs Hill