Problem 15-20 Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Rooney Publications established the following standard price and costs for a hardcover picture book that the company produces Standard price and variable costs Sales price Materials cost Labor cost Overhead cont Selling, general, and administrative costs 36.70 8.50 3.80 6.00 6.50 Planned fixed costs Manufacturing overhead Selling, general, and administrative $126,000 48,000 Rooney planned to make and sell 31,000 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 30,000 and 32,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 32,000 units Indicate whether the variances are favorable (F) or unfavorable (U) (Select "None" if there is no effect (i.e zero variance).) Number of unts 31,000 30,000 32,000 Variable manufacturing costs Rooney planned to make and sell 31,000 copies of the book. Required pro forma income statement that would appear in the master budget and also flexible budget income statements, variable cost volume variances, assuming volume assuming production volumes of 30,000 and 32,000 units. Determine the sales and is actually 32,000 units. Indicate whether the variances are favorable (F) or unfavorable (U) (Select zero variance).) Flexible Budgets 30,000 Volume Variances Master Budget 31,000 Number of units 32,000 Variable manufacturing costs Fixed costs