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Vernon Manufacturing Company established the following standard price and cost data. Sales price $ 8.30 per unit Variable manufacturing cost $ 3.70 per unit Fixed
Vernon 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 | $ | 2,100 | total |
Fixed selling and administrative cost | $ | 700 | total |
Vernon planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 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.
Required ARequired B Prepare the pro forma income statement in contribution format that would appear in a master budget VERNON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,900 UnitsStep by Step Solution
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