Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed selling and administrative cost Fixed manufacturing cost $ 8.50 per unit $ 3.80 per unit $ 2,600 total $ 800 total Solomon planned to produce and sell 3,000 units. Actual production and sales amounted to 3,100 units.
Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed selling and administrative cost Fixed manufacturing cost $ 8.50 per unit $ 3.80 per unit $ 2,600 total $ 800 total Solomon planned to produce and sell 3,000 units. Actual production and sales amounted to 3,100 units.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Solomon Manufacturing Company established the following standard price and cost data.
Sales price
Variable manufacturing cost
Fixed manufacturing cost
Fixed selling and administrative cost
$ 8.50 per unit
$ 3.80 per unit
$ 2,600 total
$ 800 total
Solomon planned to produce and sell 3,000 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.
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 A
Required B
Prepare the pro forma income statement in contribution format that would appear in a master budget.
SOLOMON MANUFACTURING COMPANY
Pro Forma Income Statement
Master Budget
3,000 Units
0
$
0
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