Allard Manufacturing Company established the following standard price and cost data. |
Sales price | $ | 10.00 | per unit |
Variable manufacturing cost | $ | 6 | per unit |
Fixed manufacturing cost | $ | 3,000 | total |
Fixed selling and administrative cost | $ | 1,000 | total |
Allard planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 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. |
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