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Walton Manufacturing Company established the following standard price and cost data. Sales price $ 8.00 per unit Variable manufacturing cost $ 3.60 per unit Fixed
Walton Manufacturing Company established the following standard price and cost data.
Sales price | $ | 8.00 | per unit |
Variable manufacturing cost | $ | 3.60 | per unit |
Fixed manufacturing cost | $ | 2,900 | total |
Fixed selling and administrative cost | $ | 600 | total |
Walton planned to produce and sell 2,800 units. Actual production and sales amounted to 3,000 units. Required
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Prepare the pro forma income statement in contribution format that would appear in a master budget.
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Prepare the pro forma income statement in contribution format that would appear in a flexible budget.
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