Stuart Manufacturing Company established the following standard price and cost data $ 8.30 par unit $3.40 per unit $2,400 total $900 total Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost Stuart planned to produce and sell 2.900 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.

Stuart Manufacturing Company established the following standard price and cost data $ 8.30 par unit $3.40 per unit $2,400 total $900 total Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost Stuart planned to produce and sell 2.900 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.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 48BEB: Performance Report Based on Budgeted and Actual Levels of Production Balboa Company budgeted...

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