Problem 15-20A (Algo) Determining sales and variable cost volume variances LO152,153,154 Vernon Publications established the following standard price and costs for a hardcover picture book that the company produces Vernon planned to make and sell 25,000 copies of the book Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 24,000 and 26,000 units. Deteimine the sales and variable cost volume variances, assuming volume is actually 26,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e.. zero variance).). Required: o. -d. Prepare the pro forma income sfatement that would appear in the master budget and also flexible budget income statements. assuming production volumes of 24,000 and 26,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 26,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e.. zero variance).)