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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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