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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 Campbell 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 cost Selling. general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative $36.5e 8.2e 4.40 6.20 7.60 $134,000 51,600 Campbell planned to make and sell 20,000 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 19,000 and 21,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 21,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (l.e., zero variance).) Volume Variances Master Budget 20,000 Flexible Budgets 19,000 21,000 Number of units Variable manufacturing costs Required: 0.-d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 19,000 and 21,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 21000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (.e.. zero variance).) Master Budget 20.000 Number of units Flexible Budgets 19,000 21.000 Volume Variances Variable manufacturing costs Fixed costs

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