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Baird Publications established the following standard price and costs for a hardcover picture book that...

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Accounting

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Baird Publications established the following standard price and costs for a hardcover picture book that the company produces: Baird planned to moke and sell 32.000 coples of the book. Required: a.- d. Prepare the pro formo income statement that would oppear in the master budget and also flexble budget income statements. assuming production volumes of 31,000 and 33,000 units. Determine the sales and variable cost volume variances, assuming volume. is octually 33,000 units. Indicate whether the varionces are fovorable. (f) or unfovorable (U). Note: Select 'None" if there is no effect (i.e., zero variance). Assume that Vernon actually produced and sold 38.000 books. The actual sales price and costs incurred follow: Kequired a. \& b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e, zero variance)

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