Problem 15-20A (Algo) Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Finch Publications established the following standard price and costs for a hardcover picture book that the company produces Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative 36.20 8.60 5.30 6.90 $132.000 49,000 Finch planned to make and sell 39,000 copies of the book Required: ... d. Prepare the proforma income statement that would appear in the master budget and also flexible budget Income statements, assuming production volumes of 38,000 and 40,000 units. Determine the sales and variable cost volume variances, assuming volume w actualy 40.000 units. Indicate whether the variances are favorable (F) or unfavorable (U) (Select "Mone"If there is no effect (le. zero variance)) Master Budget 39,000 Number of units nestle Budy 38.000 40,000 Volume Vans Variable manufacturing costs Fixed costs