Fanning planned to make and sell 27,000 coples of the book. Required: 0. - d. Prepare the pro forma income statement that would appeaf in the master budget and also flexible budget income statements. assuming production volumes of 26,000 and 28,000 units. Determine the sales and vartable cost volume variances, assuming volume is actually 28,000 units. Indicate whether the vanances are favorable (F) or unfavorable (U). (Select "None" If there is no effect (l.e., zero varisnce).)