Problem 15-20 Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Benson Publications established the following standard price and costs for a hardcover picture book that the company produces. ints Standard price and variable costs Sales price Materials cost Labor cost $ 36.50 eBook 8.50 3.90 Print Overhead cost 5.60 Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative References 6.60 $126,000 51,000 Benson planned to make and sell 26,000 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 25,000 and 27,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 27,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Master Budget Flexible Budgets Volume Variances Number of units 26.000 25,000 27.000 Variable manufacturing costs Prev 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 25,000 and 27,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 27,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Master Budget Flexible Budgets Volume Variances Number of units 26,000 25,000 27,000 Variable manufacturing costs Fixed costs Prev 1 of 3 Next>