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Ick Manufacturing Company established the following standard price and cost information: Sales price Variable manufacturing costs Fixed manufacturing cost Fixed selling and administrative cost $
Ick Manufacturing Company established the following standard price and cost information:
Sales price
Variable manufacturing costs
Fixed manufacturing cost
Fixed selling and administrative cost
$ per unit
per unit
$ total
$ total
Ick expected to produce and sell units. Actual production and sales amounted to units.
Required:
a Prepare the pro forma income statement in contribution margin format that would appear in Ick's master budget for the year.
b Prepare the income statement in contribution margin format that would appear in Ick's flexible budget.
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Prepare the pro forma income statement in contribution margin format that would appear in Ick's master budget for the year.
ICK COMPANY
Pro Forma Income Statement based on Master Budget
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