Homework answers / question archive / Company established the following standard price and cost data

Company established the following standard price and cost data

Accounting

Share With

Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.70 per unit 4.00 per unit 2,100 total 800 total Fanning planned to produce and sell 2,900 units. Actual production and sales amounted to 3,000 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. FANNING MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 0 $ $ 0
Required A Required B Prepare the pro forma income statement in contribution format that would appear in a flexible budget. FANNING MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget $ 0