Question
Perez Manufacturing Company established the following standard price and cost data. Sales price $ 8.10 per unit Variable manufacturing cost $ 3.90 per unit Fixed
Perez Manufacturing Company established the following standard price and cost data.
| Sales price | $ | 8.10 | per unit |
| Variable manufacturing cost | $ | 3.90 | per unit |
| Fixed manufacturing cost | $ | 2,900 | total |
| Fixed selling and administrative cost | $ | 900 | total |
Perez planned to produce and sell 2,600 units. Actual production and sales amounted to 2,800 units.
Required
Prepare the pro forma income statement in contribution format that would appear in a master budget.
Prepare the pro forma income statement in contribution format that would appear in a flexible budget.
Prepare the pro forma income statement in contribution format that would appear in a master budget.
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Prepare the pro forma income statement in contribution format that would appear in a flexible budget.
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Audit Risk Alert Employee Benefit Plans Industry Developments 2017
Authors: AICPA
1st Edition
1945498722, 978-1945498725
