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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Problem 15-20 Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Narcisco Publications established the following standard price and costs for a hardcover picture book that the company Standard price and varlable costs 90.00 abor coat 14.40 Planned fixed cests 8270,0 Narcisco planned to moke and sel 30,000 copies of the book 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 29,000 and 31,000 units. Determine the sales and variable cost volume variances, assuming volume is actualy 31000 units Indicate whether the variances are favorable (Fi or unfavorable (L Select "None" if there is no effect (ie.zero varlance).) O Answer is not complete. Prev oNext > MacBook Pro 5 8

Explanation / Answer

Please provide the actual price and variable costs in the comments section so as to complete the flexible budget variances since the same are not clear in the image uploaded.

Master Budget Flexible Budget Volume Variances Number of units 30000 29000 31000 Sales revenue 2700000 2610000 2790000 90000 F Variable manufacturing costs Labor 270000 261000 279000 9000 U Manufacturing overhead 378000 365400 390600 12600 U Materials 540000 522000 558000 18000 U Variable selling, general, and administrative costs 432000 417600 446400 14400 U Contribution margin 1080000 1044000 1116000 36000 F Fixed costs Fixed selling, general, and administrative costs 108000 108000 108000 0 None Manufacturing overhead 270000 270000 270000 0 None Net income 702000 666000 738000 36000 F

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