$25$pointseBookPrintReferencesCheck my workCheck My Work button is now enabledItem$2$Vernon Publications established the following standard price and

costs for a hardcover picture book that the company produces.$$Vernon planned to make and sell $30,000$ copies of the book.$$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 $29,000$ and

$31,000$ units. Determine the sales and variable cost volume

variances, assuming volume is actually $31,000$ units. Indicate

whether the variances are favorable $($F$)$ or unfavorable

$($U$).($Select "None" if there is no

effect $($i$.$e$.,$ zero variance$).)$