Question
Rho Electronics Item Value Sales price per unit $80.00 Variable cost per unit $50.00 Fixed manufacturing cost $20,000 total Fixed selling and administrative cost $5,000
- Rho Electronics
Item | Value |
Sales price per unit | $80.00 |
Variable cost per unit | $50.00 |
Fixed manufacturing cost | $20,000 total |
Fixed selling and administrative cost | $5,000 total |
- Rho Electronics planned to produce and sell 700 units. Actual production and sales amounted to 750 units. Required:
- Create a pro forma income statement for the master budget.
- Create a pro forma income statement for the flexible budget.
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
