Rundle 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 conta Planned fixed costs Manufacturing overhead Selling, general, and administrative 5 36.70 8.70 3.90 - 5.40 7.10 $134,000 46,000 Rundle planned to make and sell 24.000 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 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 (l.e.. zero variance).) Master Budget 24,000 Volume Variances Flexible Budgets 23,000 25.000 Number of units Variable manufacturing costs