Question

Voss Manufacturing Company established the following standard price and cost data.
Sales price ................. $30 per unit
Variable manufacturing cost .......... $14 per unit
Fixed manufacturing cost ........... $65,000 total
Fixed selling and administrative cost ....... $48,000 total
Voss planned to produce and sell 18,000 units. It actually produced and sold 19,000 units.

Required
a. Prepare the pro forma income statement that would appear in a master budget. Use the contribution margin format.
b. Prepare the pro forma income statement that would appear in a flexible budget. Use the contribution margin format.



$1.99
Sales4
Views194
Comments0
  • CreatedFebruary 07, 2014
  • Files Included
Post your question
5000