Question: Apollo Electronics Sales price: $15.00 per unit Variable manufacturing cost: $8.50 per unit Fixed manufacturing cost: $5,000 total Fixed selling and administrative cost: $1,500 total

  1. Apollo Electronics
    • Sales price: $15.00 per unit
    • Variable manufacturing cost: $8.50 per unit
    • Fixed manufacturing cost: $5,000 total
    • Fixed selling and administrative cost: $1,500 total
    • Planned production and sales: 3,000 units
    • Actual production and sales: 3,200 units
    • Required:
      1. Prepare the pro forma income statement in contribution format that would appear in a master budget.
      2. Prepare the pro forma income statement in contribution format that would appear in a flexible budget.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Thornton Manufacturing Company established the following standard price and cost data. Sales price $ 8.60 per unit Variable manufacturing cost $ 3.50 per unit Fixed manufacturing cost $ 2,900 total...

Q:

Please complete the charts listed below? Franklin Manufacturing Company established the following standard price and cost data. Sales price $ 8.80 per unit Variable manufacturing cost 3.90 per unit...

Q:

Walton Manufacturing Company established the following standard price and cost data. Sales price $ 8 . 8 0 per unit Variable manufacturing cost $ 3 . 4 0 per unit Fixed manufacturing cost $ 2 , 1 0 0...

Q:

Baird Manufacturing Company established the following standard price and cost data: Sales price $ 8 . 4 0 per unit Variable manufacturing cost $ 3 . 5 0 per unit Fixed manufacturing cost $ 2 , 5 0 0...

Q:

hello i need help with this problem Zachary Manufacturing Company established the following standard price and cost data. Sales price $ 8.30 per unit Variable manufacturing cost $ 3.10 per unit Fixed...

Q:

Cherokee Manufacturing Company established the following standard price and cost data: Sales price $12.00 per unit Variable manufacturing cost $ 7.20 per unit Fixed manufacturing cost $3,600 total...

Q:

Rooney Manufacturing Company established the following standard price and cost data. Sales price $ 8.20 per unit Variable manufacturing cost $ 3.80 per unit Fixed manufacturing cost $ 2,600 total...

Q:

Perez Manufacturing Comp any established the following standard price and cost data: Sales price $ 8.20 per unit Variable manufacturing cost $ 3.50 per unit Fixed manufacturing cost $ 2,500 total...

Q:

Campbell Manufacturing Company established the following standard price and cost data: Sales price $ 8.70 per unit Variable manufacturing cost $ 3.30 per unit Fixed manufacturing cost $ 3,000 total...

Q:

Solomon Manufacturing Company established the following standard price and cost data: Sales price $ 8.80 per unit Variable manufacturing cost $ 3.70 per unit Fixed manufacturing cost $ 2,000 total...

Q:

You have been hired as a marketing research analyst by Kroger, a major supermarket. Your boss, the market manager, is wondering whether the ratings of Kroger's customers on 15 lifestyle factors can...

Q:

A 1500-kg car is moving westward with a speed of 20 m/s, and a 3000-kg truck is traveling east with a speed of 16 m/s. Find the velocity of the center of mass of the system.

Q:

Given r ( t ) = 1 2 t 2 i + t c o s ( 2 t ) j + e - t 4 k , evaluat v ( t ) d t

Q:

Susan is a single taxpayer, 26 years of age, with AGI of $28,000 and no tax-exempt income. She did not have minimum essential coverage for 9 months in 2016. Compute Susan's individual shared...

Q:

Selected accounts of Rosemont Golf Company show the following: Requirement 1. For each account, identify the item or items that should appear on a statement of cash flows prepared by the direct...

Q:

Janie graduates from high school in 2016 and enrolls in college in the fall. Her parents pay $4,000 for her tuition and fees. a. Assuming Janie's parents have AGI of $170,000, what is the American...

Q:

Wolfe Industries pays its employees on a semimonthly basis. Using the wage-bracket tables from Appendix C, compute the federal income tax deductions for the following employees of Wolfe Industries:...

Q:

A company reports the following income statement and balance sheet information for the current year: Net income ....... $ 410,000 Interest expense ..... 90,000 Average total assets .. 5,000,000...

Q:

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

Q:

Cite three examples of unfair labour practices on the part of management and three on the part of unions. LO.1

Q:

There are three basic ways in which a union can obtain recognition as a bargaining unit for a group of workers: voluntary recognition, the regular certification process, and a pre-hearing vote. LO.1

Q:

As the LR specialist, what steps would you take to prepare the firm and management team if you believed that a strike was a possible outcome of the upcoming negotiations? LO.1