Ick Manufacturing Company established the following standard price and cost information:

Sales price

Variable manufacturing costs

Fixed manufacturing cost

Fixed selling and administrative cost

$$55$ per unit

$26$ per unit

$$127,000$ total

$$41,000$ total

Ick expected to produce and sell $22,600$ units. Actual production and sales amounted to $24,100$ 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.

Complete this question by entering your answers in the tabs below.

Required $A$

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