Perez Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $ 36.30 Materials cost 8.20 Labor cont 4.20 Overhead cost 6.20 Selling, general, and administrative costs Planned fixed costs 6.60 Manufacturing overhead Selling, general, and administrative $129,000 48,000 Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 28,000 and 30,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 30,000 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 Volume Varlances Number of units 29,000 28,000 30,000 Variable manufacturing costs Fixed costs