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 29.000 and 31,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 31000 units. Indicate whether the variances are favorable (F) or unfavorable (U) (Select "None" if there is no effect (.e., zero variance)) Volume Variances Answer is not complete. Master Flexible Budgets Budget 30.000 29,000 31,000 $27,000,000 25,100,000 22,000,000 Number of units Sales revenue F $ 90,000 > U U 18,000 9,000 12.000 OOOO 18 5,400,000 5 220,000 9 2.700,000 2610,000 133 3.780,000 3,650,400 14 4320,000 4,170,000 20.099,946 9,900,000 12 249,600 Variable manufacturing costs Materials Labor Manufacturing Overhead Vanable selling general and administrative costs Contribution margin Fixed costs Manufacturing Overhead Fixed selling, general, and administrative costs U O 0 >>>> 14,400U 36,000F Olo 0 None 0 None Net income $26.999 946 $9.900,000 12 249 600 $36.000 F > 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 29.000 and 31,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 31000 units. Indicate whether the variances are favorable (F) or unfavorable (U) (Select "None" if there is no effect (.e., zero variance)) Volume Variances Answer is not complete. Master Flexible Budgets Budget 30.000 29,000 31,000 $27,000,000 25,100,000 22,000,000 Number of units Sales revenue F $ 90,000 > U U 18,000 9,000 12.000 OOOO 18 5,400,000 5 220,000 9 2.700,000 2610,000 133 3.780,000 3,650,400 14 4320,000 4,170,000 20.099,946 9,900,000 12 249,600 Variable manufacturing costs Materials Labor Manufacturing Overhead Vanable selling general and administrative costs Contribution margin Fixed costs Manufacturing Overhead Fixed selling, general, and administrative costs U O 0 >>>> 14,400U 36,000F Olo 0 None 0 None Net income $26.999 946 $9.900,000 12 249 600 $36.000 F >