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Solomon Manufacturing Company established the following standard price and cost data. Sales price $ 8.30 per unit Variable manufacturing cost $ 3.70 per unit Fixed

image text in transcribedimage text in transcribedSolomon Manufacturing Company established the following standard price and cost data. Sales price $ 8.30 per unit Variable manufacturing cost $ 3.70 per unit Fixed manufacturing cost $ 2,800 total Fixed selling and administrative cost $ 600 total Solomon planned to produce and sell 2,100 units. Actual production and sales amounted to 2,300 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.

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. SOLOMON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,100 Units Required A Required B Prepare the pro forma income statement in contribution format that would appear in a flexible budget. SOLOMON MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,300 Units

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