Walton Manufacturing Company established the following standard price and cost data.

Sales price $ $8\mathrm{.}80$ per unit

Variable manufacturing cost $ $3\mathrm{.}40$ per unit

Fixed manufacturing cost $ $2,100$ total

Fixed selling and administrative cost $ $600$ total

Walton planned to produce and sell $2,500$ units. Actual production and sales amounted to $2,800$ 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.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\mathrm{.}80$ per unit

$$3\mathrm{.}49$ per unit

$$2,100$ total

$$600$ total

Walton planned to produce and sell $2,500$ units. Actual production and sales amounted to $2,800$ 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.

Prepare the pro forma income statement in contribution format that would appear in a flexible budget.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\mathrm{.}89$ per unit

$$3\mathrm{.}49$ per unit

$$2,100$ total

$$600$ total

Walton planned to produce and sell $2,500$ unlts. Actual production and sales amounted to $2,800$ unlts.

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 flexlble budget.

Complete this question by entering your answers in the tabs below.

Required A

Prepare the pro forma income statement in contribution format that would appear in a master budget.