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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
$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
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