Allard Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost per unit $8.70 $3.40 per unit $2,000 total $ 900 total Allard planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Please do not give solution in image format thanku 

ALLARD MANUFACTURING COMPANY
Pro Forma Income Statement
Master Budget
2,900 Units
$
0
b. Prepare the pro forma income statement in contribution format that would appear in a
flexible budget.
b. Prepare the pro forma income statement in contribution format that would appear in a
flexible budget.
ALLARD MANUFACTURING COMPANY
Pro Forma Income Statement
Flexible Budget
3,100 Units
0
Transcribed Image Text:ALLARD MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,900 Units $ 0 b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. ALLARD MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 3,100 Units 0
Allard Manufacturing Company established the following standard price and cost data.
Sales price
Variable manufacturing cost
Fixed manufacturing cost
Fixed selling and
administrative cost
$ 8.70 Per
unit
per
$3.40, unit
$2,000 total
$ 900 total
Allard planned to produce and sell 2,900 units. Actual production and sales
amounted to 3,100 units.
Required
a. Prepare the pro forma income statement in contribution format that would appear in a
master budget.
Transcribed Image Text:Allard Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.70 Per unit per $3.40, unit $2,000 total $ 900 total Allard planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Pricing Decisions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education