Problem 15-20 Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Fanning Publications established the following standard price and costs for a hardcover picture book that the company produces. points eBook $ 36.00 Print Standard price and variable costs Sales price Materials cost Labor coat Overhead coat Selling, general, and administrative coats planned fixed costs Manufacturing overhead Selling general, and administrative 3.90 5.30 6.40 $111.000 48.000 Fanning planned to make and sell 38,000 copies of the book. Required: a. . d. Prepare the proforma Income statement that would appear in the master budget and also flexible budget Income statements, assuming production volumes of 37,000 and 39,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 39,000 units. Indicate whether the variances are favorable or unfavorable (U). Select "None" If there is no effecte. zero variance) Required: .-d. Prepare the proforma Income statement that would appear in the master budget and also flexible budget Income statements assuming production volumes of 37,000 and 39,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 39,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" If there is no effectie zero variance).) points Volume Variances Master Budget 38,000 Flexible Budgets 37,000 39,000 BO Number of units Variable mandacluring costs Reference Fixed costs