Problem 15-20A (Algo) Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Baird Publications established the following standard price and costs for a hardcover picture book that the company produces $36.60 Udard price and variable costs le price Materiale con Labor cost Overhead cost Selling eral, and sinistrative conta and fixed costs Manufacturing overhead Selling getecal, and administrative 3.0 5.90 6.50 $131,000 52.000 Baird planned to make and sell 30,000 copies of the book, Required: a. d. Prepare the proforma 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 31000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effectie. zero variance):) Volume Varances Number of units Master Budget 30.000 File Budgets 29.000 31.000 Variable manufacturing costs