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  3. vernon publications established the following stan

Vernon Publications established the following standard price arid costs for a hardcover picture book that...

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Accounting

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Vernon Publications established the following standard price arid costs for a hardcover picture book that the company produces Standard price and variable costs Sales price Materlals cost Labor cost Overhead cost Selling, general, and administrative costs 36.70 8.70 4.10 5.40 7.00 Planned fixed costs Manufacturing overhead Selling, general, and adeinistrative $127,000 45,009 Vernon planned to make and sell 35,000 copies of the book Required: o. -d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements assuming production volumes of 34.000 and 36,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 36,000 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 Number of units 35,000 34,000 36,00

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