Munoz Manufacturing Company established the following standard price and cost data.Sales price$ 8.70per unitVariable manufacturing cost$ 3.80per unitFixed manufacturing cost$ 2,600totalFixed selling and administrative cost$ 800totalMunoz planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units.RequiredaPrepare the pro forma income statement in contribution format that would appear in a master budget.bPrepare the pro forma income statement in contribution format that would appear in a flexible budget.

Munoz Manufacturing Company established the following standard price and cost data.Sales price$ 8.70per unitVariable manufacturing cost$ 3.80per unitFixed manufacturing cost$ 2,600totalFixed selling and administrative cost$ 800totalMunoz planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units.RequiredaPrepare the pro forma income statement in contribution format that would appear in a master budget.bPrepare the pro forma income statement in contribution format that would appear in a flexible budget.

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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