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Jordan Publications established the following standard price and costs for a hardcover plcture book that the company produces. Jordan planned to make and sell 35,000

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Jordan Publications established the following standard price and costs for a hardcover plcture book that the company produces. Jordan planned to make and sell 35,000 coples of the book. Required: o. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget tocome statements, assuming production volumes of 34,000 and 36,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 36,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero vorionce).)

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