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Cherokee planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. A. Required Prepare the pro forma income statement in
Cherokee planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. A. Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. 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.
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