SBaird Manufacturing Company established the following standard price and cost data.Sales priceVariable manufacturing costFixed manufacturing costFixed selling and administrative cost$ 8.90 per unit$ 3.60 per unit$2,000 total$700 totalBaird planned to produce and sell 2,800 units. Actual production and sales amounted to 3,000 units.Requireda. 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.Required ARequired BPrepare the pro forma income statement in contribution format that would appear in a master budget.BAIRD MANUFACTURING COMPANYPro Forma Income StatementMaster Budget2,800 Units0$0Required ARequired B >

Master Budget: The master budget provides an overall plan for the organization. It's like a big…

Baird Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed selling and administrative cost Fixed manufacturing cost $ 8.90 per unit $ 3.60 per unit $ 2,000 total $ 700 total Baird planned to produce and sell 2,800 units. Actual production and sales amounted to 3,000 units.

Baird Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed selling and administrative cost Fixed manufacturing cost $ 8.90 per unit $ 3.60 per unit $ 2,000 total $ 700 total Baird planned to produce and sell 2,800 units. Actual production and sales amounted to 3,000 units.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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