Problem 15-20A (Algo) Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Perez Publications established the following standard price and costs for a hardcover picture book that the company produces. 51 Standard price and variable costs sales price Materiale cont Labor cost Overhead coat Selling general and administrative conte Planned fixed costa Manufacturing overhead Selling, general, and administrative $36.10 8.20 4.10 5.50 6.80 $130,000 46,000 Perez planned to make and sell 24,000 copies of the book Required: 0.-d. Prepare the proforma Income statement that would appear in the master budget and also flexible budget Income statements, assuming production volumes of 23,000 and 25.000 units. Determine the sales and variable cost volume variances, assuming volume is actually 25.000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect fi.e.. zero variance).)