Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jordan Manutacturing Company established the tollowing standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost $ 8.60 per unit S 3.90

image text in transcribed
image text in transcribed
Jordan Manutacturing Company established the tollowing standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost $ 8.60 per unit S 3.90 per unit $2,300 total Fixed selling and administrative cost S 500 total Jordan planned to produce and sell 2,200 units. Actual production and sales amounted to 2,400 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. Complete this question by entering your answ rs in the tabs below. Required A Required B Prepare the pro forma income statement in contributic tion format that would appear in a master budget. JORDAN MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,200 Units Fixed manufacturing Fixed selling and administrative Sales Variable manufacturing Variable selling and administrative omework Saved $ 8.60 per unit $ 3.90 per unit $2,300 total Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost 500 total Jordan planned to produce and sell 2,200 units. Actual production and sales amounted to 2,400 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. Complete this question by entering your answers in the tabs below. Required A Required B ment in contribution format that would appear in a flexible budget. Prepare the pro forma income state JORDAN MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2.400 Units Fixed manufacturing Fixed selling and administrative Sales Variable manufacturing Required A Required Next >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cash And Financial Management Study Text

Authors: Kaplan

1st Edition

9781839960529

More Books

Students also viewed these Accounting questions

Question

Discuss the tax attributes of a corpora- tion.

Answered: 1 week ago