Campbell Publications established the following standard price and costs for a hardcover picture book that the company produces.
tableStandard price and variable costs,Sales price,Materials costLabor costOverhead costSelling general, and administrative costs,Planned fixed costs,
Campbell planned to make and sell 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 and units. Determine the sales and variable cost volume variances, assuming volume is actually units. Indicate whether the variances are favorable F or unfavorable U
Note: Select "None" if there is no effect ie zero variance
