vernon publications

Vernon Publications established the following standard price and costs for a hardcover picture book that the cor 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 36.00 8.30 4.10 5.40 7.20 $132,000 47,000 Vernon planned to make and sell 22,000 copies of the book. Required: a.-d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget incor assuming production volumes of 21,000 and 23,000 units. Determine the sales and variable cost volume variances, as is actually 23,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is zero variance).) Master Budget 22.000 Volume Variances Number of units Flexible Budgets 21,000 23.000 Variable manufacturing costs 0 Fbed costs 05 05