$ 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 36.30 8.40 4.20 6.20 6.40 $ 130,000 53,000 Benson 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 statement assuming production volumes of 24,000 and 26,000 units. Determine the sales and variable cost volume variances, assuming volu s 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).) Volume Variances Master Budget 25,000 Flexible Budgets 24,000 26,000 Number of units Variable manufacturing costs Fixed costs Fixed costs