Zachary Publications established the following standard price and costs for a hardcover picture book that the company produces.

Zachary Publications established tng following standard price and costs for a hardcover picture book that the company produces. tandar Sales price Iltaterils tost Labor cost Overhead Cost, Selling, general' adminisfratxve lOs Flax-med fixed casts Jilanufacturxng overhead Selling;- general; a-nd admimstratyve $ 36. 50 8. 90 4, 50 00 6. 50 31, 51, 000 Zachary planned to make and sell 26,000 copie IOOhe Required: a. d. Prepare the pro forma income appeair the master budgetand also flexible budget income statements; assuming production volumes of 25,000 and volume variances, assuming volume Note: Select "None" if there is no effect (i.e. zero verie;nce). Number of units Variable manufacturing costs Fixed costs Maateir Budget" 4FIexibTe Bud ets 26,000 25,000 Volume Variances 27,000