I am needing assistance with the following items. Please advise.

1.

Thornton Manufacturing Company established the following standard price and cost data. Sales price $ 8.16 per unit Variable manufacturing cost 5 3.88 per- unit Fixed manufacturing cost $ 2,986 total Fixed selling and administrative cost $ 899 total Thornton planned to produce and sell 2,100 units. Actual production and sales amounted to 2,200 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 Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a flexible budget. THORNTON MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,200 UnitsRequired Compute variances for the following items and indicate whether each variance is favorable {F} or unfavorable [U]: Note: Select "None" If there Is no effect (i.e., zero variance). Sales pn'ce $ Sales revenue '5 614,000 Cost of goods sold $ 367.000 Material purchases at 5,000 pounds $ Materials usage $ 185.000 Production volume 935 units Wages at 4,000 hours $ 59.400 Labor usage at $1 5 per hour $ 98.400 Research and development expense '3 35.500 Selling and administrative expenses $ 47.000 Thornton Manufacturing Company established the following standard price and cost data. Sales price 5 8.26 per unit Variable manufacturing cost 5 3.19 per unit Fixed manufacturing cost 5 2,969 total Fixed selling and administrative cost S 666 total Thornton planned to produce and sell 2,100 units. Actual production and sales amounted to 2,200 units. Required a. Determine the sales and variable cost votume variances. b. Classify the variances as favorable (F) or unfavorable (U). cl. Determine the amount of fixed cost that will appear in the flexible budget. e. Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity. Req A and B Req D Req E a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). Note: Select "None" if there is no effect [i.e., zero variance). Variable manufacturing Req A and B Reg D Req E Determine the amount of fixed cost that will appear in the flexible budget. Flexible Budget Fixed manufacturing cost Fixed selling and administrative costsReq A and B Reg D Req E Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity. Note: Round your answers to 2 decimal places. Master Budget Flexible Budget Fixed cost per unitBenson Manufacturing Company established the following standard price and cost data: Sales price $ 8.59 per unit Variable manufacturing cost 5 3.16 per- unit Fixed manufacturing cost 5 2,866 total Fixed selling and administrative cost $ 3'96 total Benson planned to produce and sell 2,400 units. Actual production and sales amounted to 2,700 units. Assume that the actual sales price Is $8.30 per unit and that the actual variable cost is $3.35 per unit. The actual fixed manufacturing cost is $2,200, and the actual selling and administrative costs are $725. Required a.&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable {F} or unfavorable (U). Note: Select "None" if there is no effect {i.e., zero variance]. Sales Variable manufacturing Contribution margin Fixed manufacturing Fixed selling and administrative cost Net inoome (loss)