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Check my work Problem 15-20A (Algo) Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Solomon Publications established the following standard price and costs for a hardcover picture book that the company produces $6.60 Standard price and variable costs sales price Materials cost. Labor cost Overhead cost Selling, Beneral, and administrative costs planned fixed costs Manufacturing overhead Selling General, and administrative 8.40 3.60 5.70 6.90 nices $120,000 . Solomon planned to make and sell 36.000 copies of the book. Required: 0.-d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget Income statement assuming production volumes of 35,000 and 37,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 37000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect fle zero variance).) Volume Variances Master Budget 35,000 Flexible Budgets 35.000 37.000 Number of units Check my work Required: . . d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements assuming production volumes of 35.000 and 37,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 37.000 units Indicate whether the variances are favorable for unfavorable (U) (Select "None" if there is no effectie zero variance).) Master Budget 36,000 Flexible Budgets 35,000 37.000 Volume Variances Number of units Sales revenue Variable manufacturing costs ces F None U Fixed costs