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Munoz Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $
Munoz Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $ 3.90 per unit $ 2,300 total $ 900 total Munoz planned to produce and sell 2,700 units. Actual production and sales amounted to 2,800 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 Prepare the pro forma income statement in contribution format that would appear in a master budget. MUNOZ MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,700 Units Sales Variable manufacturing Contribution margin Fixed manufacturing Fixed selling and administrative Net income Docuired >
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