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Walton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost

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Walton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.20 per unit 3.70 per unit 2,400 total 500 total Walton planned to produce and sell 2,100 units. Actual production and sales amounted to 2,300 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. WALTON MANUFACTURING COMPANY Pro Forma Income Statement Sales Variable manufacturing Contribution margin Master Budget 0

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